NeoGames’ $94 Million Initial Public Offering

Herzog Fox and Neeman, and Latham & Watkins advised NeoGames on the deal.

NeoGames completed its US$94 million initial public offering (IPO) on the Nasdaq. The Tel Aviv, Israel-based company offered 5,528,650 ordinary shares at a price of US$17 per ordinary share, including the 721,128 ordinary shares sold upon the full exercise of the underwriters’ overallotment option. The offering consisted of 2,987,625 ordinary shares being offered by the Company and 2,541,025 ordinary shares being offered by certain selling shareholders.

This IPO gave the company a market capital of $420 million.

NeoGames S.A. is a B2G and B2B technology and service provider to state lotteries and other lottery operators. The Company offers a full-service solution that includes all of the elements required for the offering of lottery games including instants and DBGs via personal computers, smartphones, and handheld devices.

The Herzog Fox and Neeman team was led by partners Gil White (Picture), Ron Ben-Menachem, Itai Sarfaty and associate Aaron Z. Simons.

Latham’s capital markets team was led by London partner Josh Kiernan and New York partner Nathan Ajiashvili, with associates Gilad Zohari and Daniel Walder. Advice on tax matters was provided by New York partner Elena Romanova and associate Amy Robertson.

Involved fees earner: Ron Ben-Menachem – Herzog Fox & Neeman; Itai Sarfaty – Herzog Fox & Neeman; Aaron Simons – Herzog Fox & Neeman; Gil White – Herzog Fox & Neeman; Nathan Ajiashvili – Latham & Watkins; Joshua Kiernan – Latham & Watkins; Amy Robertson – Latham & Watkins; Elena Romanova – Latham & Watkins; Daniel Walder – Latham & Watkins; Gilad Zohari – Latham & Watkins;

Law Firms: Herzog Fox & Neeman; Latham & Watkins;

Clients: Neogames S.A.R.L;

Author: Michael Patrini.