William Hill sold $11.5m shares in the $81.7m initial public offering but remains the lottery software producer's largest shareholder.
NeoGames, a Luxembourg-registered, Israel-headquartered digital lottery software provider backed by betting firm William Hill, raised $81.7m in its initial public offering yesterday.
The company issued nearly 2.63 million shares on the Nasdaq Global Market while its shareholders divested a further 2.18 million shares. They were priced at $17.00 each, above the IPO’s $14 to $16 range.
Spun off by online gaming technology provider Aspire in 2014, NeoGames offers technology that enables lottery operators to sell tickets and run specialist…
