Playtika Files Confidentially for US IPO

Chinese-owned mobile games firm Playtika Holding Corp has confidentially submitted paperwork with the U.S. Securities and Exchange Commission for an initial public offering.

The company which is known for its casino-themed games and operates apps for poker and solitaire said that the offering size and the price range for the initial public offering have not been determined yet.

Playtika’s move to go public comes at a time when a number of China-owned companies are looking to reconsider their listings on U.S. exchanges amid rising tensions between Washington and Beijing.

Playtika has hired Morgan Stanley and other banks to underwrite the IPO and is aiming to go public either later this year or early in 2021.