CHARLOTTE – A few weeks after announcing an intention to take the company public through an initial public offering (IPO), Charlotte-headquartered Gambling.com Group Limited confirmed today the details surrounding target share price and the number of available shares and launched the offering.
The company applied to list its stock on the Nasdaq Stock Market with the proposed ticker symbol “GAMB.” It’s looking to raise at least $80 million.
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.
The initial public offering will be for 7,500,000 ordinary shares, the company noted in a statement, also stating that the shares will be offered by the company and certain selling shareholders.
The price of a share of company stock is currently estimated to be between $11 and $13 per ordinary share, the company stated.
Gambling.com initially announced the intention to file for an IPO in a statement, where it noted a registration statement on Form F-1 had been filed with the U.S. Securities and Exchange Commission.
The company provides reviews and analysis of online gaming websites, according to its website, noting “Gambling.com 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.