IPO - Profile

DoubleDown Interactive Co., Ltd.

Technology > Computer Software: Programming, Data Processing

DDI

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$18.00 6,300,000 Positive High 60.59%

Offering Team

  • Legal counsel
  • O?Melveny & Myers LLP
  • Auditors
  • Ernst & Young LLP

Deal Highlights

Our mission is to become one of the world’s leading global gaming companies by delivering differentiated content and playing experiences to our players. We are a leading developer and publisher of digital games on mobile and web-based platforms. We are the creators of multi-format interactive entertainment experiences for casual players. Our flagship game, DoubleDown Casino, has been in the top 20 grossing mobile games annually on Apple App Store since 2016, according to App Annie. We have been an early pioneer in the social casino gaming segment of casual gaming and were among the initial publishers to launch a social casino game on the Facebook platform in 2010 with the release of DoubleDown Casino. As the market has shifted materially to mobile platforms in recent years, we have also embraced new distribution channels for our games, which have significantly expanded our overall reach and market opportunity. Our games attract players of social casino and casual games, and have been installed over 115 million times to date. During 2020, an average of 2.9 million players played our games each month, and for the three months ended March 31, 2021, an average of over 2.6 million players played our games each month. Our market opportunity includes casual gaming globally, which includes slots, puzzle, card, match three and other similar games. Eilers & Krejcik estimated that the global market for mobile casual games was $25.7 billion in 2020, an increase of approximately 25% from 2019. Within the social casino segment of casual gaming, which includes free-to-play online slots, poker, table games, and bingo, DoubleDown Casino was ranked third among the top game titles by revenue during 2020, according to Eilers & Krejcik. The global social casino market was $7.0 billion in 2020, and is estimated to grow at 4.2% over the next four years to reach $8.6 billion by 2025, according to Eilers & Krejcik. As one of the leading players in social casino today, we believe we are well-positioned to combine our social casino expertise with additional game elements to deliver entertaining playing experiences for our players.

Deal Tracker

IPO Dates

Filing 31 Aug, 2021

Offer 31 Aug, 2021

Look Ahead

Lock Up Expiry Mar 03, 2022

IPO Terms

Offer Price $18.00
Offer Size 6M

Market Sentiments

Stock Price