Games Global Postpones IPO Despite Market Optimism and Strong Performance

Games Global has delayed its initial public offering even though the market is positive and the company is doing well.

Games Global has decided to delay their initial public offering (IPO), despite their successful business. They were going to sell 14.5 million shares in early May but have chosen to wait for a more favorable moment.

IPO Details Initially Announced

• Total shares: 14.5 million
• Shares from Games Global: 6 million
• Shares from existing shareholders: 8.5 million
• Listing on NYSE under "GGL"
• Price range: $16 to $19 per share

Games Global initially planned to launch their IPO and be listed on the New York Stock Exchange, but their plans have since altered.

Why Delay Now?

The company isn't going public now because they believe it's better to wait, according to CEO Walter Bugno. They're not in a bad position; they just want to grow more quickly. They plan to watch the market and consider an IPO when it seems like the right time.

Investors continue to show a high level of interest.

Games Global reported that their initial public offering (IPO) attracted interest from investors. The company is doing well and anticipates growth, particularly in the U.S. gaming market. Regardless of the IPO's status, they plan to continue their current strategy and focus on long-term success.

Recent Acquisition Sets Stage

Games Global decided to delay their public stock offering. Before doing that, they acquired Digital Gaming Corporation's business-to-business assets. This acquisition will help them start selling their online gaming products in the U.S. quicker. They are already selling these products in a few states, including Pennsylvania, Iowa, and New Jersey.

Games Global is focusing on the future. They have solid money management and are growing steadily, without hurrying to offer their stock to the public. Their company is doing well, they have a strategy, and considering a public stock offering is just one option for them as they move forward.