Playtika, a developer of casual social and mobile games, is reportedly planning for an IPO.

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Here’s what potential investors in the company need to know about it and the IPO.

• Reports claim that Playtika is considering a $1 billion IPO in the U.S.
• If true, that would value the company at $10 billion.
• The reports say that Playtika has hired several banks, including Morgan Stanley, for the IPO.
• While an IPO is likely on the way, it won’t be for some time.
• The reports claim that the company won’t be ready to go public until later this year or in early 2021.
• These reports come from unnamed sources.
• The company was founded in 2010 and is based out of Israel.

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• However, the company is controlled by a private equity consortium led by Chinese game company Giant Interactive.
• The consortium obtained the company back in 2016 when it was being sold by Caesars Interactive Entertainment.
• Included in this consortium is private equity firm Yunfeng Capital.
• This was founded by Jack Ma, who is also the founder of Chinese e-commerce giant Alibaba (NYSE:BABA).
• Over the years, Playtika has acquired several other developers and brands.
• Among these are House of Fun, Bingo Blitz, and World Series of Poker Social.
• Its most recent acquisition was Solitaire Grand Harvest in 2019.

While it will still be quite a while before a Playtika IPO, investors interested in the opportunity will want to keep an eye on the company this year in preparation for the event.

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As of this writing, William White did not hold a position in any of the aforementioned securities.