DoubleDown Interactive
General Information | |
Business: | Our mission is to become one of the world’s leading global gaming companies by delivering differentiated content and playing experiences to our players. We are a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players. Our flagship game, DoubleDown Casino, has been in the top 20 grossing mobile games annually on the Apple App Store since 2016, according to App Annie. Our newest game, DoubleDown Fort Knox, launched in April 2018, had recorded 3.9 million cumulative installations as of June 30, 2021. (Note: DoubleDown Interactive priced its IPO on Aug. 30, 2021, at $18 – the low end of its $18-to-$20 range – and sold 6.316 million shares, the same number of shares in its prospectus – to raise $113.69 million. DoubleDown re-filed its IPO on July 20, 2021 – five days after withdrawing the IPO that was postponed in June 2020 – and set these terms: 6.32 million American Depositary Shares (ADS) at $18 to $20 – up from its previously downsized terms, filed June 30, 2020, of 5.5 million ADS at $15.60. **Twenty ADS represent one common share. ) (**In its SEC filing dated July 20, 2021, DoubleDown also changed underwriters – to B. Riley Securities as the sole book-runner. The initial deal had two book-runners and a co-manager; that deal was postponed on June 30, 2020. The 2020 IPO had also been downsized from its initial terms, filed June 18, 2020, of 11 million ADS at $17 to $19 each with J.P. Morgan, BofA Securities and Macquarie Capital as joint book-runners.) |
Industry: | COMPUTER PROCESSING & DATA PREPARATION |
Employees: | 280 |
Founded: | 2008 |
Contact Information | |
Address | 13F, Gangnam Finance Center, 152, Teheran-ro Gangnam-gu, Seoul 06236, Republic of Korea |
Phone Number | +82-2-501-7216 |
Web Address | https://doubledowninteractive.com/ |
View Prospectus: | DoubleDown Interactive |
Financial Information | |
Market Cap | $935.0mil |
Revenues | $378.9 mil (last 12 months) |
Net Income | $60.1 mil (last 12 months) |
IPO Profile | |
Symbol | DDI |
Exchange | NASDAQ |
Shares (millions): | 6.3 |
Price range | $18.00 - $18.00 |
Est. $ Volume | $113.7 mil |
Manager / Joint Managers | B. Riley, Inc. |
CO-Managers | CBRE (Union Gaming Securities)/ Northland Capital Markets |
Expected To Trade: | 8/31/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |