NeoGames picks Nasdaq for IPO

Business News

NeoGames which provides gaming technology and services to lottery operators, filed on Tuesday with the SEC to raise up to $90 million in a US initial public offering.

The Luxembourg-based company was founded in 2005 and was spun-off from Aspire Global in 2014. The company booked $44 million in sales for the 12 months ended September 30, 2020 and plans to list on the Nasdaq under the symbol NGMS.

NeoGames filed confidentially on September 10, 2020. Stifel, Macquarie Capital and Truist Securities are the joint bookrunners on the deal. No pricing terms were disclosed.