IPO Terms
Company: NeoGames
Proposed Symbol: NGMS
Exchange: Nasdaq Global
CEO: Moti Malul
# of employees: 144 (as of 9/30/20)
Offer amount: $81.7 mm
Proposed Share Range: $14-$16
Shares Offered: 4.8 mm
Estimated Market Cap: $538.5 mm
State of Inc: DE
Company Overview:
“We are a technology-driven business that is an innovator in the lottery industry. As a global B2G and B2B technology and service provider to state lotteries and other lottery operators, we offer our customers a full-service solution that includes all of the elements required for the offering of lottery games including Instants and DBGs (both defined below) via personal computers, smartphones and handheld devices (“iLottery”).”
Lead Underwriter(s): Stifel, Nicolaus & Company
Past Financial Data
Revenue
Year ended Dec 31, 2019: $33 mm
Year ended Dec 31, 2018: $23.5 mm
Year ended Dec 31, 2017: $17 mm
Net Loss
Year ended Dec 31, 2019: $3.9 mm
Year ended Dec 31, 2018: $5.9 mm
Year ended Dec 31, 2018: $ 7.4 mm
Current Financial Status (as of 9/30/20)
Cash: $10.6 mm
Total Assets: $42.3 mm
Total Liabilities: $40.1 mm
Total Shareholder Equity: $2.2 mm