Chinese-owned gaming business completes $1.9b IPO
Playtika, an Israel-headquartered social and mobile games company that was acquired by a PE-backed Chinese consortium in 2016, gained 17% on its US trading debut following a $1.88 billion IPO.
The company sold 69.5 million shares for $27 apiece, above the indicative range, according to a prospectus. BlackRock, Dragoneer Investment Group, and Tiger Global Management purchased $600 million in...
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