Leap Gaming eyes US listing
Supplier also considering an investment offer from a private partner
Virtual sports and 3D casino supplier Leap Gaming is preparing itself for an IPO on a US stock exchange according to its largest investor.
FastForward, an investment firm which owns 41% of Leap, said the supplier was expecting to complete the listing in the first half of 2017.
However Leap is also said to be entertaining a private offer from an existing partner which would amount to a “cornerstone investment in the business”.
FastForward said either transaction would represent in an increase in the value of its existing investment in Leap.
FastForward added in a statement: “The Board of FastForward is supportive of the proposed steps and will look to support Leap Gaming management over the course of the next few months.”
Leap already has a US presence, thanks to a deal with Pala Interactive, which sees it supply a virtual sports product to Pala’s social casino.