The first nine months of 2020 had revenue of $192.76 million. ET by Barron's Mobile games developer Playtika to raise up to $1.7 billion in planned IPO The company is valued at close to $11.1 billion at the IPO price. The Israel-based mobile game developer sold 69.5 million shares at a price of $27, up from its estimated range between $22 and $24. Same-store sales have grown at an average of 4% over the last 12 years. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Newly public Playtika (PLTK) received positive reviews Tuesday as Wall Street analysts initiated coverage of the mobile video game publisher. Petco Health and Wellness Company: Leading pet retailer Petco Health and Wellness Company (NASDAQ: WOOF) is planning an IPO of 48 million shares in a price range of $14 to $17. With the stock market posting new all-time highs, concerns are rising about listings overheating. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. Net income was $92.1 million compared to $288.9 million in the prior year. Barrons.com. Get unlimited access to top stock picks and full trading plans now. Affirm was founded by Max Levchin, the co-founder of Paypal Holdings Inc. (NASDAQ: PYPL). Affirm soared as much as 110% on Wednesday after the company's shares began trading hands publicly for the first time. In fiscal 2019, the company’s revenue was made up 65% from maintenance, 24% from paint/collison/glass and 11% from platform. Don't have a Benzinga account? The information and content are subject to change without notice. Peloton Interactive Inc. (NASDAQ: PTON) represented 29% of fiscal 2020 and 30% of first-quarter 2021 revenue, respectively. "Playtika may not (yet) be a household video game name, but the company ranks as one of the top mobile game companies globally," Baird analyst Colin Sebastian said in a note to clients. The company plans on selling 38 million shares in a price range of $17 to $20. Israeli Gamer Playtika, IBD's Stock Of The Day, Mobilizes IPO Base Video Game Stocks To Buy And Watch, Including Esports Stocks Playtika IPO … It ended its first day of trading at 31.62. Growth is expected to come from a further push into pet health care going forward. In 1950, Israel was the first country in the Middle East to recognize the PRC as the legitimate government of China. SciPlay, a maker of casino video games for mobile and web platforms, late Monday beat Wall Street's sales target for... 3/01/2021 3/01/2021 It acquired seven studios and out of the top nine games, seven come from the stables of the acquired studios. Benzinga does not provide investment advice. Privacy Policy & Terms of Use. GTA V and Red Dead Redemption publisher Take-Two Interactive's, meanwhile, is $19.5 … Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. A daily collection of all things fintech, interesting developments and market updates. Comp sales were up 2%, 10.5% and 16.3% for the first three quarters, respectively. "Playtika has established itself as the leader within social casino" games, Nowak said. Eve Boboch joins the podcast to discuss the latest market action and post-Covid reopening plays. 07:42AM : Buy now, pay later boom brings 'shift away from credit to debit. UBS analyst Eric Sheridan gave buy-rated PLTK stock a Street-high price target of 40. 12 Information Technology Stocks Moving In Thursday's Intraday Session, Affirm To Launch First Debit Card With 'Buy Now, Pay Later', Swedish Bank Klarna Might Go Public By Direct Listing Like Spotify: Reuters, How SPACs Are Like Venture Capital For Public Markets: Loup, Cramer Gives His Opinion On Zoom, AbbVie And More. He expects the market to experience a compound annual growth rate of 15% from 2019 through 2024. GlobeNewswire. Nowak rates PLTK stock as overweight with a price target of 35. *Real-time prices by Nasdaq Last Sale. In Hebrew : יחסי ישראל-סין Yechasei Yisrael-Sin) are the diplomatic, economic, cultural, military ties between the People's Republic of China and the State of Israel.. Motorsport Gaming: Esports company Motorsport Gaming (NASDAQ: MSGM) is seeking to sell 3 million shares at a price point of $19 to $20. No. ... Real-time quotes, advanced visualizations, backtesting, and much more. It is now expanding into the casual gaming segment, he says. Investor's Business Daily. Among the company’s customers are 743 institutional subscribers including libraries and universities. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Over the first nine months of 2020, the company had revenue of $3.58 billion, up 9% year-over-year. BREAKING: Stocks Close Mixed After Late-Session Sell-Off. SciPlay, a maker of casino video games for mobile and... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months weeks of IBD Digital for only $20! Playtika . Poshmark: Clothing reseller Poshmark (NASDAQ: POSH) is planning to sell 6.6 million shares at a price point of $35 to $39. Learn how to invest in the stock market with 12 FREE daily lessons you can learn in minutes! Playtika Announces Closing of Initial Public Offering and Full Exercise of Underwriters Option to Purchase Additional Shares. "Playtika operates in the largest and fastest growing segment of video gaming — the $100 billion mobile gaming market," Morgan Stanley analyst Brian Nowak said in a note to clients. The SCOOP ratings should not be taken as investment advice. Stocks Close Mixed After Late-Session Sell-Off, IPO Stocks Airbnb, DoorDash To Report; New EV Stocks Due Too: Investing Action Plan, Israeli Gamer Playtika, IBD's Stock Of The Day, Mobilizes IPO Base, Video Game Stocks To Buy And Watch, Including Esports Stocks, Playtika IPO Raises $1.9 Billion, Stock Jumps As Trading Begins. Order by: Word /; Image/; Class/; Owner/; Agent; Word Classes Owner @RACK: 7 9 39 40: NKA Tech Limited: 100LOLDIY Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. 2021 Predictions: The Election is over. Adjusted EBITDA was $941.6 million compared to … PLTK stock jumped on the news. Eight IPOs and four SPAC offerings are on tap so far. Create one. He sees Playtika benefiting from long-term secular tailwinds such as the growing smartphone installed base and a new generation of gamers. The company had gross merchandise volume of $4.6 billion in fiscal 2020, up 77% year-over-year. Affirm Holdings: After delaying its IPO in 2020, Affirm Holdings (NASDAQ: AFRM) is set to go public this week. PLTK stock is on IBD's IPO Leaders stock list. 2021/008 19 February 2021. The company holds a 46.6% share for classical music licensing in the country, with a library of more than 1.8 million tracks. 12:56PM : Playtika shares surge on market debut. The company has exclusive licenses and is the official developer and publisher of certain NASCAR assets. Everything you need to know about the market - quick & easy. The week of Jan. 11 is shaping up to be a busy one for the initial public offering market. Get market updates, educational videos, webinars, and stock analysis. For the first nine months of 2020, the company held 53 esports competitions, compared to 22 in all of 2019. The company had $2.3 billion in debt at the time of filing its IPO. Bankers expect to raise about $5.2 billion from 12 deals. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Oatly, the Blackstone-backed Swedish vegan milk maker, is eyeing a valuation as high as $10bn in a US listing that would tap into both the IPO boom and consumers’ growing thirst for … Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. What Could Go Wrong? The company acquired the world’s largest car wash company ICWG in 2020, which will help diversify the revenue makeup. Playtika Holding: Mobile game company Playtika Holding Corp (NASDAQ: PLTK) operates more top 100 grossing mobile games than any other company, with nine placing in the top 100 including “Bingo Blitz.”. At least seven Wall Street firms began coverage of PLTK stock. By comparison, Ubisoft's market cap is $9.6 billion at the time I'm writing this. Revenue for the first nine months of fiscal 2020 was $1.8 billion. The company had 51 million views in the first nine months of 2020. The company had 10.2 million DAU in fiscal 2019 and 33.3 million MAU. ... Pet supply retailer Petco Health and Wellness and online gaming company Playtika are … Last Friday, mobile gaming company Playtika (NASDAQ:PLTK) launched the largest IPO so far this year, raising $1.88B and ending the first trading day up … Companies priced their U.S. IPOs at a median price-to-sales ratio of 38.5 in 2020, the highest since the dotcom era of 2000, according to data complied by Jay Ritter, an IPO expert and professor at the University of Florida. Affirm has 6.2 million customers and represents over 6,500 merchants. Vaccines are Here. Related Link: 10 IPOs To Watch Out For In 2021. This was above its IPO range of $22-$24 and initial estimates for it to raise $1.6 billion. Tips From A Cannabis PR Trend Researcher On Boosting Em... Privacy Policy / Do Not Sell My Personal Data. During its IPO, Playtika raised $1.9 billion by offering 69.5 million shares at $27 each. That buy point is 10 cents above its record high of 36.06, reached on the day of its initial public offering. Image Credit: Playtika ... Revenue surpassed $2 billion for the first time in 2020. Posted-In: Affirm China e-commerceNews Previews IPOs Top Stories Trading Ideas Best of Benzinga, Thank you for subscribing! Kuke Music Holding: The leading classical music licensing company in China is set to go public this week with Kuke Music Holding (NYSE: KUKE) offering 5 million ADSs at a price point of $10 to $12. Electronic Arts Bulks Up Mobile Games Business With Glu Mobile Acquisition, 'Grand Theft Auto' Publisher Take-Two Batters Wall Street's Holiday-Quarter Targets. In January 2021, Playtika went public on Nasdaq with an enterprise value of 11 billion dollars, the largest IPO of an Israeli based company. Revenue for the first quarter was $174 million, which was up 98% year-over-year. On the stock market today, PLTK stock rose 6.1% to 34.28. Leaderboard is free all week! "Currently, Playtika operates nine of the top 100 highest grossing mobile games in the U.S., including five titles ranked first in their respective categories (slots, bingo, hidden objects, solitaire, and poker) with seven that are wholly-owned intellectual properties.". China–Israel relations (In Chinese : 中以关系 Zhōng yǐ guānxì. New $1.9 Billion Term Loan B and $600 Million of Senior Unsecured Notes to Replace Existing $2.375 Billion Term Loan BRevolver Upsized to 5-year $600 Million FacilityCombined with IPO Proceeds, Company Has Approximately $1.5 Billion Available Liquidity HERZLIYA, Israel, March 11, 2021 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ:PLTK) (“Playtika”) today announced … Playtika’s IPO filing reveals $2.3 billion in revenues and $2.3 billion in debt. PLTK has grown by acquiring game studios. PLTK stock has formed an IPO base with a buy point of 36.16, according to IBD MarketSmith charts. The IPO Buzz: AFRM, POSH & PLTK in a $5 Billion Week Affirm Holdings, Poshmark, Inc. and Playtika Holding are among the names to note on this week’s IPO Calendar. Authors may own the stocks they discuss. The automotive services market is worth $300 billion in the U.S. as of 2019. Playtika is riding the IPO bus. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Along with NASCAR, the company has esports competitions for the British Touring Car Championship and Le Mans. Since its inception, the company has had over 70 million users and over 130 million items sold across its platform. Playtika, 2021s Biggest IPO So Far, Rises Nearly 17%. Jan-15-21 04:36PM : Playtika IPO Raises $1.9 Billion, Stock Jumps As Trading Begins. Revenue surpassed $2 billion for the first time in 2020. Find Winning Stocks With MarketSmith Pattern Recognition & Custom Screens, See Stocks On The List Of Leaders Near A Buy Point. Sebastian rates PLTK stock as outperform with a price target of 38. Revenue for the company was $936 million in fiscal 2019. The company is planning on selling 24.6 million shares in a … The company is planning to sell 69.5 million shares at a price point of $22 to $24. 12:52PM : Gaming developer Playtika soars more than 30% on its first day of trading. Headquartered in Herzliya, Israel, Playtika went public on Jan. 15 with its shares priced at $27. This week’s lineup of IPOs includes fintech, esports, automotive and e-commerce companies offering a diverse range of investment opportunities. The company had revenue of $1.89 billion in fiscal 2019. Kuke offers a subscription service and educational services as well. Playtika paid $645 million between 2017 to 2019 for its acquisitions. All rights reserved. Recent IPO stocks Airbnb , DoorDash and Playtika will report for the first time since going public. © 2021 Benzinga.com. The first nine months of 2020 had 11.4 million DAUs and 35.2 million MAUs. Revenue for the first nine months of 2020 was $16.11 million compared to $11.9 million in all of fiscal 2019. The company is planning on selling 24.6 million shares in a price range of $30 to $38. Revenue for fiscal 2019 was $205.2 million, compared to $148.3 million in the prior year. Realtime quote and/or trade prices are not sourced from all markets. The company is the sixth Brazil-based IPO … Dean Takahashi @deantak December 22, ... During that time, Playtika used its own operating cash to … Get these newsletters delivered to your inbox & more info about our products & services. The top nine games generate 97.6% of Playtika’s revenue. Fastest-Growing IPO Stocks: Five IPOs Expecting Up To 425% Growth In 2021, How To Pay The Least Amount Of 2020 Tax (Legally). Driven Brands Holdings: In the highly fragmented automotive services market, Driven Brands Holdings (NASDAQ: DRVN) is the market leader. Playtika, 2021’s Biggest IPO So Far, Rises Nearly 17% Jan. 15, 2021 at 12:49 p.m. Comparable sales were up 9.6% in the first nine months. © 2000-2021 Investor's Business Daily, Inc. All rights reserved. The company has over 4,100 locations across 49 states and owns the well-known Maaco and Meineke brands. The pandemic triggered a rally in gaming stocks because the stay-at-home norm caused people to spend more time on this form of entertainment. So, it wasn’t surprising when PLTK listed its stock at $27 for its January 15, 2021 IPO rather than within the expected $22 to $24 price guidance. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. Of those, six have buy ratings and one is neutral. Everything you need to know about the latest SPAC news. Revenue for the company was $29.7 million in fiscal 2019. Yahoo Finance. The company has pivoted to e-commerce to help grow the business. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Affirm Holdings: After delaying its IPO in 2020, Affirm Holdings (NASDAQ: AFRM) is set to go public this week. Playtika, 2021’s Biggest IPO So Far, Rises Nearly 17% Playtika Holding, the biggest IPO so far in 2021, went public Friday after pricing its offering above the level it had told investors to expect. The company has over 1,470 retail locations that are within a 3-mile radius of 54% of customers. As of Sept. 30, the company had 201 million items on its market and 31.7 million active users. The company is going public at a time when the 2021 IPO market is heating up. Is Netflix Stock A Buy As The Streamer Racks Up Award Nominations? Ideas Best of Benzinga, Thank you for subscribing or email us at 1-877-440-ZING or email at! Now, pay later boom brings 'shift away from Credit to debit of... 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