CHARLOTTE – Group Limited will seek an initial public offering (IPO), listing the company’s ordinary shares, on the Nasdaq with the proposed ticker symbol GAMB.

The company announced the move in a statement, noting that it filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission.

“The number of shares to be offered and the price range for the proposed offering have not yet been determined,” the statement reads.  The offering will be made only by prospectus, which can be requested.

Source: Group website

The company provides reviews and analysis of online gaming websites, according to its website, noting “ leads the way in consumer education and online engagement for those interested in any form of online gambling across 9 different countries and 4 different languages.”

In reviewing external gambling sites, the company looks at sign-up bonuses and processes, mobile device usability, game variety, payments, security, reliability and length of service, and other features.

Live sports are mostly gone, but online betting is still big business

“We never review or recommend gaming sites or gambling operators that aren’t subjected to full licence and regulation scrutiny from recognised gaming and gambling authorities,” the website reads.  “Therefore, we don’t suggest you play at those places, no black market or offshore companies ever make our lists and never will.”

The company bills itself as a media company, noting on its website that it does not offer actual gambling services.  The company does say that it helps online sportsbooks and casino operators acquire players. Across at least 30 publishing platforms, the company publishes what it says are “independent reviews of the industry’s best online sportsbooks and online casinos,” according to its website.

Charles Gillespie, CEO and co-founder, and Kevin McCrystle, COO and co-founder, both attended the University of North Carolina at Chapel Hill.  According to the company, McCrystle relocated to the company’s Charlotte office to oversee the development of the company’s North American market in 2020, after about four years directing GDC Media Limited (Ireland), a subsidiary of the company.  Gillespie and McCrystle founded the company in 2006.

“A registration statement on Form F-1 relating to the proposed offering has been filed with the SEC but has not yet become effective,” the statement reads.  “These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.”

The group, with ties to Charlotte, employs more than 150 people globally, according to a statement.  A spokesperson for the company, Derek Brookmeyer, declined to provide any further comment regarding the registration statement on Form F-1 or the company’s operations.