Mobile Gaming Giant Gameloft to Be Traded in U.S. Markets Starting Thursday
Gameloft, one of the biggest publicly-held companies in the mobile gaming space, is issuing American depositary receipts that will allow investors to trade the company’s stock in U.S. markets starting this Thursday.
Deutsche Bank is underwriting the offering. Each Gameloft American depository receipt, or ADR, will be worth four ordinary Gameloft shares, which are currently trading at 3.82 euros or $5.32.
Gameloft, which has a market capitalization of 289.6 million euros ($403.4 million) is one of the more established mobile gaming companies in the sector with popular paid titles like Order & Chaos, Starfront: Collision and Asphalt 6: Adrenaline.
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