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 Apple App Store since 2015, according to App Annie. Our newest game, DoubleDown Fort Knox, launched in April 2018, has already achieved 3 million cumulative installations as of March 31, 2020.

(Note: DoubleDown Interactive re-filed its IPO on July 20, 2021 – five days after withdrawing its initial IPO plans – and set these terms: 6.32 million American Depositary Shares (ADS) at $18 to $20 – up from its previous terms of 5.5 million ADS at $15.60. **Twenty ADS represent one common share. **The pricing date is TBA, as of Monday, July 26, 2021.)

(**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 after it did not get priced as expected during the last week of June. DoubleDown also filed updated financial statements in its SEC filing dated July 20, 2021.)

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 $942.4mil
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 - $20.00
Est. $ Volume $120.1 mil
Manager / Joint Managers J.P. Morgan/ BofA Securities
CO-Managers Macquarie Capital
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change