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Ilottery provider NeoGames has announced the commencement of an underwritten public offering of almost 3.5m ordinary shares by certain shareholders. The shareholders involved in the issue of shares intend to grant underwriters a 30-day period to purchase an additional 500,000 shares at a discounted underwritten rate. Two major banks have been placed in charge of the management of the issuing of shares. US shares can be obtained from JP Morgan, whilst the European bank is Deutsche Bank. A NeoGames statement read: “JP Morgan and Deutsche Bank Securities are acting as joint lead book-running managers and as representatives of the underwriters for the proposed offering. “BofA Securities, Macquarie Capital and Truist Securities are acting as book-running managers for the proposed offering. Stifel is acting as co-manager for the proposed offering.” The announcement comes shortly after the firm published its latest set of accounts, confirming 47% total revenue growth year-on-year for the period ending June 30. Organic revenues for the period were actually down 0.6% from $13m to $12.9m, although the company’s share of NeoPollard Interactive revenues was $8.5m during Q2, compared to $1.6m in the same period last year, representing an increase of 434%. The ilottery provider’s statement added: “A registration statement on Form F-1 relating to the offering of ordinary shares has been filed with the Securities and Exchange Commission but has not yet become effective. The ordinary shares may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.”
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NeoGames launches offering of public shares

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