Neo Group Ltd

Neo Group Ltd (NGMS) priced its initial public offering on Nov 20, 2020 at $17.00 per share, above its $14.00–$16.00 range, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $418.6M. Stifel was lead-left underwriter, joined by Macquarie and Truist. Latham & Watkins advised the company and Skadden, Arps advised the underwriters.

Neo Group Ltd is a technology and service provider to state lotteries and other lottery operators, offering a full-service iLottery solution for instant and draw-based games on computers, smartphones and handheld devices. It includes technology platforms, a game studio and services such as payment processing, compliance and player management.

Status

IPO

Ticker

NGMS

Exchange

Nasdaq Global Market

Priced

Nov 20, 2020

IPO price

$17.00

Price range

$14.00–$16.00

Market cap at IPO price

$418.6M

First filed

Oct 27, 2020

Underwriters

Stifel, Macquarie and Truist

Company counsel

Latham & Watkins

Underwriters' counsel

Skadden, Arps

Sector

Consumer

Country / state

Luxembourg

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.