Management is led by director and CEO In Keuk Kim, who has been with the firm since leading the acquisition of DoubleDown by DoubleU Games and has extensive executive experience in the cloud computing, trading and corporate M&A industries. DoubleDown has received at least $345 million from investors including DoubleU Games and STIC Special Situation Diamond. Per the firm’s most recent regulatory filing, it plans to use the net proceeds for general corporate purposes. We are a leading developer and publisher of digital games on mobile and web-based platforms. Our flagship game, DoubleDown Casino, has been in the top 20 grossing mobile games annually on Apple App Store since 2015, according to App Annie. Our flagship game, DoubleDown Casino, has been in the top 20 grossing mobile games annually on Apple App Store since 2015, according to App Annie. The firm designs and markets casual video games for mobile and Web-based users worldwide. Brea, California-based Envista was formed in 2019 by Danaher (DHR) and comprises three of the corporation’s dental segment companies, namely Nobel Biocare Systems, Ormco, and KaVo Kerr. Free cash flow during the twelve months ended March 31, 2020, was an impressive $78.9 million. Management’s presentation of the company roadshow is available here. Nine firms are expected to have their 25-day underwriter research quiet period end. The market opportunity for casual games is quite large and expected to grow at a nearly 3% rate through 2024. To listen to an audio version of this report, click on the graphic below: Seoul, Republic of Korea-based DoubleDown was founded to develop a family of gaming titles for casual gaming enthusiasts. Sales and marketing expenses as a percentage of total revenue have been uneven; its sales and marketing efficiency rate has increased. We are the creators of multi-format interactive entertainment experiences for casual players. Below is a brief review of DoubleDown Casino game by a user: The company’s primary offerings include social casino games including DoubleDown Casino, DoubleDown Fort Knox, DoubleDown Classic and Ellen's Road to Riches. DoubleDown Interactive, the social casino giant majority owned by South Korea’s DoubleU Games, is looking to raise up to $100m from an initial public offering on the Nasdaq stock exchange. My opinion is a BUY at up to $18.00 per ADS. Denver, Colorado-based Ping was founded in 2002 and has developed an Intelligent Identity Platform that analyzes device, network, application and user behavior data to make real-time authentication and security control decisions. DDI is positioned well to accelerate its growth and the IPO appears reasonably valued. Cambridge, Massachusetts-based Compass was founded to develop antibody approaches to treating cancers as a monotherapy and in combination with existing approved drugs, including for Her2+ breast cancer. IGT then agreed to sell the business to a subsidiary of DoubleU Games in an $825m deal in April 2017, completing the sale in June that year. IPOs On TheStreet Opinion: BUY IPO Launch: DoubleDown Interactive Pursues $198 Million IPO Effort Our newest game, DoubleDown Fort Knox, launched in April 2018, has already achieved three million cumulative installations as of March 31, 2020. J.P. Morgan is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 72.0% since their IPO. DoubleDown Interactive files for $100m US IPO 4 June 2020 DoubleDown Interactive, the social casino giant majority owned by South Korea’s DoubleU Games, is looking to raise up to $100m from an initial public offering on the Nasdaq stock exchange. (I have no position in any stocks mentioned as of the article date, no plans to initiate any positions within the next 48 hours, and no business relationship with any company whose stock is mentioned in this article. DoubleDown was founded in Seattle, according to Crunchbase, before selling itself to DoubleU Games, which is based in South Korea. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy. In a filing with the Korea Stock Exchange (KRX), DoubleU said the offering would provide funding to support strategic acquisitions, as well as repaying financial investors. DoubleDown Interactive: Financial Information: Market Cap: $605.7mil: Revenues: $273.6 mil (last 12 months) Net Income: $36.3 mil (last 12 months) IPO Profile: Symbol: DDI: Exchange: NASDAQ: Shares (millions): 5.5: Price range: $15.60 - $15.60: Est. DDI is seeking to IPO in the U.S. to fund its expansion plans and for a major shareholder to sell a significant portion of its holdings. $ Volume: $85.8 mil: Manager / Joint Managers: J.P. Morgan/ BofA Securities: CO-Managers: Macquarie Capital: Expected To Trade: The main drivers for this expected growth are more capable smartphones able to generate more compelling and sophisticated game experiences and continued investment by mobile game developers in innovative display presentation and game dynamics. New York, New York-based IN8bio was founded to advance a pipeline of treatment options for glioblastoma [GBM] and acute leukemia using ‘allogeneic, autologous and genetically modified gamma-delta T cells.’. Our mission is to become one of the world’s leading global gaming companies by delivering differentiated content and playing experiences to our players. DoubleDown Interactive (DDI) cuts IPO in half, lowers proposed enterprise value by 8.3%. New York-based Progyny was founded in 2008 to provide US organizations and their employees with fertility and family building-oriented benefit services. The mobile gaming market is forecast to grow at a 2.9% annual rate through 2024. As a comparable-based valuation to Activision Blizzard, which is admittedly inexact, the IPO appears priced at one-third to one-half ATVI’s metrics; for a growing company, the IPO appears reasonably priced. It … The firm’s financials show increasing revenue growth, gross profit and gross margin improvement, increased net income but lowered operational cash flow. DoubleDown Interactive has filed to sell $198 million of its and a selling shareholder's shares in a U.S. IPO. The IPOScoop.com staff does not issue advice, recommendations or opinions. Listed underwriters of the IPO are J.P. Morgan, BofA Securities and Macquarie. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The amounts and timing of our actual expenditures will depend upon numerous factors, including the progress of our development and commercialization efforts, whether or not we enter into strategic collaborations or partnerships, and our general operating costs and expenditures. The company obtains customers through all manner of online acquisition, including mobile game app stores, search engines, and social earned visibility. There are two operating company IPOs and one blank check IPO scheduled to price for the week ended November 13, 2020. Management has highlighted its higher-than-average ARPDAU of $0.70 for the three month ended March 31, 2020 versus $0.53 for its three industry peers as evidence of its superior ability to maximize game title monetization.
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