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Clear out junk files and repair common Windows errorsFree Scan →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Playtika priced its January 2021 initial public offering at $27 per share. The final offering sold 79,925,000 shares, while the company had 412,767,200 shares outstanding after the offering. Multiplying that share count by $27 gives an implied equity value of about $11.14 billion—not the amount Playtika raised.
When did Playtika go public, and what was its ticker?
Playtika began trading on the Nasdaq Global Select Market on January 15, 2021, under the ticker PLTK. The offering closed on January 20. The company confirmed the first trading date and ticker in its January 20, 2021 closing announcement.
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What was Playtika’s IPO price?
The final IPO price was $27 per share, above the preliminary prospectus range of $22 to $24. The final offering included 79,925,000 shares after underwriters exercised their option in full, according to Playtika’s closing announcement.
How did the IPO imply an $11 billion valuation?
The headline figure comes from multiplying the post-offering share count by the final IPO price. Playtika’s final prospectus reported 412,767,200 shares outstanding after the offering, based on the shares outstanding as of September 30, 2020. At $27 per share, that implies approximately $11.14 billion in equity value:
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412,767,200 shares × $27 = $11,144,714,400
This is an implied equity value derived from the share count and IPO price, not a separate valuation figure quoted by the company. It is also different from both the gross value of shares sold in the offering and the net cash Playtika received.
How many shares were sold, and who received the money?
The 79,925,000 shares sold in the offering came from Playtika and an existing stockholder. The company issued 18,518,500 new shares. The selling stockholder sold 50,981,500 shares, plus 10,425,000 additional shares through the underwriters’ fully exercised option.
Rank #2
- No returns and no refunds on gift cards. Good for use on the US Google Play Store only. Terms apply - see below.
- Google Play gift codes can be used on the Google Play Store, the official app store for Android, to purchase apps, games, and more.
- To redeem, enter code in the Play Store app or play.google.com.
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Playtika stated that it received no proceeds from shares sold by the selling stockholder. Its prospectus had estimated net proceeds of approximately $468.7 million to the company using the preliminary assumed price of $23 per share, before final pricing and closing. That estimate should not be mistaken for the final proceeds figure at the $27 IPO price.
What did Playtika do?
Playtika described itself in its IPO filings as a free-to-play mobile and social games company. Its business model included operating and updating games through live operations and a proprietary technology platform, as well as expanding its portfolio through acquisitions.
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Rank #3
- No returns and no refunds on gift cards. Good for use on the US Google Play Store only. Terms apply - see below.
- Google Play gift codes can be used on the Google Play Store, the official app store for Android, to purchase apps, games, and more.
- To redeem, enter code in the Play Store app or play.google.com.
- Endless games to explore: Find and play old and new favorites – from mind-bending puzzles to epic quests and more.
- Just the app you’re looking for: Millions of apps means millions of ways to get things done, learn something new, and maybe even meet someone special.
The company’s 2020 annual report says it was founded in Israel in 2010 and released Slotomania as its first game. The report also describes its Playtika Boost Platform and acquisition-led portfolio growth. In its January 2021 S-1/A filing, Playtika reported $2,286.2 million in revenue for the twelve months ended September 30, 2020; that is a historical, period-specific figure rather than a current revenue measure.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What did the IPO mean for control of the company?
Playtika’s final prospectus said Playtika Holding UK would retain approximately 79.8% of voting power after the offering. On that basis, the company qualified as a “controlled company” under Nasdaq corporate governance standards at the time. The disclosure describes the ownership structure following the 2021 IPO, not Playtika’s present-day ownership.
Quick Recap
Best Value
- No returns and no refunds on gift cards. Good for use on the US Google Play Store only. Terms apply - see below.
- Google Play gift codes can be used on the Google Play Store, the official app store for Android, to purchase apps, games, and more.
- To redeem, enter code in the Play Store app or play.google.com.
- Endless games to explore: Find and play old and new favorites – from mind-bending puzzles to epic quests and more.
- Just the app you’re looking for: Millions of apps means millions of ways to get things done, learn something new, and maybe even meet someone special.
Rank #4
- Redeemable on accounts in the United States and in U.S. Dollars.
- Gift card must be redeemed at EpicGames.com/redeem. This gift card WILL NOT work if redeemed directly on a console device (PlayStation, Xbox, Nintendo Switch, etc.)
- If you play Fortnite experiences on a console device, you need to link your Epic Games account to your console account(s) so items purchased at Fortnite.com/item-shop appear across all of your linked accounts
- Requires internet connection, valid Epic account and prior acceptance of the terms
- Redemption: Online
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
