NeoGames hopes to raise $90m with IPO
B2B lottery group to launch on Nasdaq after securing $44m in sales last year
Lottery solutions provider NeoGames has announced it hopes to raise up to $90m in a US initial public offering (IPO).
The Luxembourg-based company currently supplies lotteries across Europe and North America with its B2B technology and is planning to list on the Nasdaq.
The firm boasts clients including Czech operator Sazka, Italian giant Sisal and the Virginia Lottery.
NeoGames, which was founded in 2005 and spun-off from Aspire Global in 2014, booked $44m in sales for the 12 months ending September 30 2020.
The supplier plans to list under the symbol NGMS.
Stifel, Macquarie Capital and Truist Securities will act as the joint bookrunners on the deal, although no pricing terms have been disclosed.
NeoGames filed publicly with the SEC on 27 October but filed confidentially on 10 September, according to Renaissance Captial.