Scientific Games’ social gaming business SciPlay has made its public debut on New York’s Nasdaq Stock Exchange.
Executives from SciPlay rang the Nasdaq MarketSite bell on Monday in celebration of the initial public offering (IPO) on Friday, with the company’s shares opening for trading at $16.00 per share.
“SciPlay's listing on the Nasdaq as a public company is a new beginning for us,” said SciPlay chief executive Josh Wilson. “We believe that operating independently, with Scientific Games' business support and access to intellectual property, will help us as we continue on our mission of becoming the #1 casual mobile gaming company in the world."
“They are a global organization powered by a culture of innovation that utilizes data to enhance user experience. We could not be more excited to welcome them to our family of the world's most innovative companies.”
Shares in SciPlay Corporation (NSQ:SCPL) closed down 2.82 per cent at $14.82 per share in New York Monday, 7 per cent below their IPO price of $16.00 per share, while shares in Scientific Games Corporation (NSQ:SGMS) closed down 5.13 per cent at $20.70 per share.