Sci Games to IPO social casino business
Scientific Games subsidiary, SciPlay Corporation has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of a minority interest in Scientific Games’ social gaming business.
The number of shares to be offered and the price range for the offering have not yet been determined. The social gaming business will now officially be called “SciPlay”. The Company has applied to list its Class A common stock on the NASDAQ Global Select Market under the ticker symbol “SCPL”.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Macquarie Capital (USA) Inc. and RBC Capital Markets, LLC, will act as book-running managers for the offering. Stifel, Nicolaus & Company, Incorporated and Wedbush Securities Inc. will act as co-managers for the offering.