Light & Wonder mulls listing on Australia’s ASX

Finance News

Light & Wonder today announced that it is evaluating a potential secondary listing of its shares on the Australian Securities Exchange, in addition to the Company’s existing primary Nasdaq listing. L&W will be consulting its shareholders as part of this evaluation.

The L&W Board of Directors has considered a range of options to accelerate the Company’s strategic journey as a global leader in cross-platform games and entertainment and enhance overall shareholder value. The Board sees substantial potential benefits for the Company and its shareholders in pursuing a secondary listing on the ASX, including:

Enhancing the Company’s profile in Australia, one of the leading markets for the Company’s Gaming business; and

Giving the Company access to new long-term Australian institutional investors that would complement its strong existing base of shareholders in the US and Australia.

“The ASX is a premium market with a long track record as a platform for global gaming companies and a deep and liquid pool of sophisticated investors and market participants who have a strong understanding of the gaming business. We believe they will appreciate the value and long-term potential of L&W’s broad international business and strategy. We look forward to engaging with the market and our current shareholders on a potential secondary listing,” said Jamie Odell, Executive Chair of the Light & Wonder Board of Directors.

Light & Wonder intends to update the market only once its evaluation is complete and it has made a decision whether to proceed with an ASX secondary listing. There is no assurance that the Company will decide to pursue such a secondary listing.