Gambling.com Reveals Plans for US Initial Public Offering

Gambling.com, a provider of entanglement sites that tolerate bettors to liken online casinos and sportsbooks, filed for a US initial public offering (IPO).

In a recent Form F-1 filing with the Securities and Exchange Commission (SEC), the troupe reveals plans to list shares on the Nasdaq Stock Market below the symbolisation “GAMB.” The regulatory written document does not include a itemization day of the month or offering size. Investment banks Jefferies, Stifel and Truist are managing the transaction.

The accompany does not tender wagering services and generates sales by directive gamblers to regulated online betting sites.

We are non a play troupe and make out not proffer any gambling services ourselves,” according to the F-1 filing. “We put up instead follow described as a take propagation company, an affiliate marketing company or simply an affiliate. Online gaming operators pay off us to pertain online gamblers to their services.”

Gambling.com compares itself to an online media company, noting that the primary source of its revenue is internet marketing

Gambling.com Financials

Gaming equities, peculiarly those with dedicated online exposure, get been pop with investors. However, some names inwards the infinite are beingness broadly criticized for rushing IPOs to market and for want of profitability.

Like its already public brethren, Gambling.com testament live viewed as an emerging growing stock and its revenue is so soaring. The fellowship was also net income electropositive in 2020 after losing $1.90 zillion inwards 2019. Additionally, it’s hard currency flow positive. That’s a low density among small, offspring net companies and it could live an tempting trait for investors. Gambling.com generated $2.28 gazillion and $10.80 zillion inward loose cash in flow inward the past times ii calendar years.

“We had revenues of $11.00 million, $19.00 million, $19.27 million and $27.98 million in 2017, 2018, 2019 and 2020, respectively. We achieved a revenue combine annual ontogeny order of 35 percent from the period of 2017 to 2020,” according to the F-1.

The accompany added that on a worldwide basis, none of its competitors — a radical including Better Collective and Catena Media — hold more than quintet percent marketplace shares, indicating there’s important development potential.

Sports Betting, iGaming IPO Activity Still Hot

With some analysts forecasting the Second Earl of Guilford American online casinos and sports wagering securities industry could reach $42 one million million past 2030, it’s non surprising IPO activity in the cyberspace gaming blank remains brisk.

Just this week, a social cassino developer came to market place while a Spanish people iGaming and sports betting operator said it’s meeting with a blank-check fellowship to lean its shares inwards the US.

For its part, Gambling.com is eschewing the special intent acquisition keep company (SPAC) route that so many nouveau-riche gaming companies embraced since ahead of time 2020. That could prove to be wise because shares of many of late de-SPACed iGaming and online sportsbook operators are slumping.

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