DoubleU Games Subsidiary DoubleDown Interactive Resumes US IPO... Plans to Proceed with Offering

[Asia Economy Reporter Jang Hyowon] DoubleU Games (CEO Kim Garam) announced on the 20th that its major subsidiary DoubleDown Interactive (CEO Kim Ingeuk) has submitted a securities registration statement to the Financial Supervisory Service, detailing the offering price range and the number of American Depositary Shares (ADS) for its Nasdaq listing. It also revealed plans to submit the F-1 form to the U.S. Securities and Exchange Commission (SEC) on the 20th local U.S. time.

The company stated that the offering price range per ADS is $18 to $20, with 5,263,000 ADS to be issued and 1,053,000 ADS planned for sale from existing shares. Based on the offering price band, the expected market capitalization ranges from $892 million to $991 million, which is approximately 1.0178 trillion to 1.1309 trillion KRW. The expected amount from the new share offering is between $95 million and $105 million, equivalent to about 108.1 billion to 120.1 billion KRW. The exchange rate applied is 1,141.1 KRW per USD, based on the rate on July 19, 2021.

A DoubleU Games representative stated, “With the submission of these documents, we plan to proceed with the offering process and will share detailed updates on future progress.”

This content was produced with the assistance of AI translation services.