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 story : Gambling.com IPO's expected pricing slashed, cutting potential valuation by more than 0 million #FinanceUSA #StockMarketNEWS Gambling.com Ltd. disclosed Thursday that the expected pricing of its

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Gambling.com IPO's expected pricing slashed, cutting potential valuation by more than 0 million #FinanceUSA #StockMarketNEWS
Gambling.com Ltd. disclosed Thursday that the expected pricing of its initial public offering has been slashed, lowering the valuation for the U.K.-based provider of digital marketing services for the online gambling industry to up to 4.3 million from up to 9.5 million. The company is still offering 5.25 million shares in the IPO, but selling shareholders are no longer offering 2.25 million shares, as previously disclosed, as the expected pricing was cut to between and a share from between and a share. The company is now looking to raise up to .25 million, down from up to .25 million. Jefferies, Stifel and Truist Securities are the underwriters. The stock is expected to list on the Nasdaq under the ticker symbol "GAMB." The company recorded net income of .5 million on revenue of .5 million for the three months ended March 31, compared with net income of .7 million on revenue of .1 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF has slipped 1.4% year to date while the S&P 500 has rallied 16.0%.


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