GAN raises $54m through IPO launch

Supplier sells 6.4 million shares at high end of its price range and expects market value to reach $234m

GAN raised $54m through its IPO launch yesterday after selling 6.4 million shares at the high end of its share price range. The firm anticipated an initial raise of $35m to fund US expansion and establish a name as a major player in the US. GAN commands a fully diluted market value of $234m after…

Dermot Smurfit | FanDuel | Finance | GAN | Nasdaq | Strategy