Playtika’s $2 Billion Initial Public Offering

Davis Polk advised the representatives of the several underwriters in the offering.

Playtika Holding Corp. executed the approximately $2 billion initial public offering of 79,925,000 shares of common stock, of which 18,518,500 shares were issued and sold by Playtika and 61,406,500 shares were sold by the selling stockholder. The shares include 10,425,000 shares sold by the selling stockholder pursuant to the full exercise of the underwriters’ option to purchase additional shares. Playtika’s common stock is listed on the Nasdaq Global Select Market under the symbol “PLTK.”

Morgan Stanley and Credit Suisse acted as lead bookrunners for the offering. Citigroup, Goldman Sachs & Co. LLC, UBS Investment Bank, and BofA Securities acted as additional bookrunners for the offering. Baird, Cowen, Stifel, and Wedbush Securities acted as co-managers for the offering.

Playtika is one of the world’s leading developers of mobile games creating fun, innovative experiences that entertain and engage users. Playtika has built best-in-class live game operations services and a proprietary technology platform to support its portfolio of games, enabling it to drive strong user engagement and monetization. Playtika is headquartered in Herzliya, Israel.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associates Donald K. Lang and Joseph G. Marano. Partner Pritesh P. Shah and associate Samantha Lefland provided intellectual property and technology advice. The tax team included counsel Leslie J. Altus and associate Yixuan Long. Partner Adam Kaminsky and associate Melissa Esposito provided executive compensation and benefits advice. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Leslie Altus – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Melissa Esposito – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Donald Lang – Davis Polk & Wardwell; Samantha Lefland – Davis Polk & Wardwell; Yixuan Long – Davis Polk & Wardwell; Joseph Marano – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; Cowen and Company; Credit Suisse; Goldman Sachs & Co.; Morgan Stanley; Robert W. Baird & Co.; Stifel, Nicolaus & Company, Incorporated; UBS Investment; Wedbush Securities;


Author: Ambrogio Visconti