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The Stars Group raises $622m through public offering

27th June 2018 7:21 am GMT
The Stars Group

Toronto-listed gaming operator The Stars Group has closed its previously announced public offering of common shares, raising an estimated US$622m to fund the acquisition of Sky Betting & Gaming.

The public offering at a price of $38.00 per share saw a total of 17 million shares sold by the company, as well as 8 million shares held by certain shareholders.

The net proceeds after underwriting discounts and commissions is expected to amount to approximately $622m.

The company and the selling shareholders have also granted the [...]

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