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DoubleDown Interactive prices secondary offering at $8.50 per ADS

Published 12/06/2025, 14:10
DoubleDown Interactive prices secondary offering at $8.50 per ADS
DDI
1.07%

SEATTLE - DoubleDown Interactive Co., Ltd. (NASDAQ:DDI), a gaming company currently trading at $10.68 with a market capitalization of $529 million, announced Thursday the pricing of an underwritten secondary offering of 4,347,827 American Depositary Shares (ADSs) at $8.50 per ADS by STIC Special Situation Diamond Limited.

Each ADS represents 0.05 common share of the company. The selling shareholder has granted underwriters a 30-day option to purchase up to 652,173 additional ADSs at the same price, less underwriting discounts and commissions. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculation, with strong financial metrics including a P/E ratio of 4.42 and an impressive free cash flow yield of 29%.

The offering consists entirely of ADSs sold by the selling shareholder and will not change the number of outstanding common shares. DoubleDown will not receive any proceeds from the sale.

The transaction is expected to close on or about June 13, 2025, subject to customary closing conditions. Roth Capital Partners is acting as Lead Bookrunning Manager while Texas Capital Securities serves as Co-Bookrunning Manager.

The ADSs are being offered pursuant to a shelf registration statement on Form F-3 filed with the Securities and Exchange Commission (SEC) on September 14, 2022 and declared effective on September 27, 2022.

DoubleDown Interactive develops and publishes digital games on mobile and web-based platforms. The company is known for its social casino title, DoubleDown Casino. Through its subsidiary SuprNation, the company also operates three real-money iGaming sites in Western Europe. InvestingPro data reveals the company maintains strong financial health with a "GREAT" overall score, holding more cash than debt on its balance sheet. Get access to 10+ additional exclusive ProTips and comprehensive analysis with an InvestingPro subscription.

This information is based on a press release statement issued by the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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