Games Global Limited (“Games Global” or the “Company”) today announced that it has postponed its previously announced initial public offering in the United States. While investor interest has been strong given the continued positive momentum of the Company’s core business and expected growth trajectory following its recent entry into the U.S. gaming market earlier this year, the Company’s Board of Directors believes it is in the best interests of its stakeholders to defer the offering at this time and will continue to monitor beyond the timing of the proposed proposal. The Company will continue to evaluate all strategic opportunities consistent with the Company’s long-term strategy.
“While we are disappointed that we will not be able to go public in the near future, meeting investors during the IPO process has further strengthened our confidence in our strategy and that what we are building at Games Global is unique,” said Walter Bunyo, CEO. from Games Global. “With a strong balance sheet, healthy profitability and significant growth, the IPO was an accelerator at this point rather than an absolute necessity for our business strategy,” Bugno continued. “Our team remains committed to creating the most innovative games on the market. We will continue to monitor developments in the capital markets and will make appropriate reviews regarding IPOs in the future.”
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, and no offers to buy may be accepted, until the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification. under the securities laws of any such state or jurisdiction.
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In any Member State of the European Economic Area (“EEA”), this announcement and offer is addressed only to persons who are “qualified investors” (“Qualified Investors”) within the meaning of the (EU) Regulation. 2017/1129 (“Prospectus Regulation”). In the United Kingdom, this announcement and offer is addressed only to persons who are “qualified investors” within the meaning of the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union. (Exit) Act 2018 who (i) have professional experience in matters relating to investments covered by section 19(5) of the Financial Services and Markets Act 2005 (Financial Promotion) Order 2005, as amended (the “Order” ), (ii) are large undertakings that fall within the scope of section 49(2)(a)-(d) of the Order, or (iii) are persons who may otherwise be lawfully notified (all such persons are referred to as “relevant persons” This announcement should not be used or relied upon (i) in the United Kingdom by persons other than Relevant Persons and (ii) in any EEA Member State by persons other than Qualified Investors of any investment or investment activity to which it relates. This announcement is only available and will only be acted upon (i) in the United Kingdom by Relevant Persons, and (ii) in any EEA Member State by Qualified Investors.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, if available, may be obtained from:
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- JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at: [email protected] or [email protected];
- Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388 or by email: [email protected]; or
- Macquarie Capital (USA) Inc., Attention: Equity Syndicates Department, 125 West 55th Street, New York, NY 10019, or by email: [email protected]