![]() ![]() engineering center is located in Seattle’s International District. The company is also benefitting from the surge in online gaming during the coronavirus pandemic, with The New York Times recently reporting on isolated and home-bound game players boosting the time they spend playing games.Īnd DoubleDown is not the only mobile gaming company testing the IPO waters, with Reuters reporting Monday that Israel-based Playtika has hired Morgan Stanley to help lead a public offering that could raise $1 billion and value maker of casino-style games at around $10 billion.ĭoubleDown’s headquarters is located in Seoul, while the main U.S. DoubleDown also turned a profit in 2018, reporting net income of $25.1 million. It attracted 2.9 million game players per month last year, driving $273.6 million in revenue and net income of $36.3 million, according to financial statements made public in a filing with the Securities and Exchange Commission.ĭoubleDown’s profits may set it apart from other tech-oriented companies who often enter Wall Street showing losses. ![]() The company, which has longtime roots in Seattle, makes popular casual games such as DoubleDown Casino and DoubleDown Fort Knox. (Image via DoubleDown SEC filing)ĭoubleDown Interactive is rolling the dice on an initial public offering, hoping to raise up to $100 million on the Nasdaq stock market. DoubleDown Fort Knox features 79 slot games and has recorded over three million installations.
0 Comments
Leave a Reply. |