playtika going public
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Playtika going public what is financial institution mean

Playtika going public

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Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution. Sophia Kunthara SophiaKunthara. You may also like. Learn More. Follow us on Twitter Follow us on LinkedIn 4. Copy link. The company is also mightily profitable, which is unusual considering that Playtika is still in its growth stage.

While the mobile gaming market benefited from the pandemic due to strong demand for mobile games, the growth could fade in once economies around the world reopen. Such a reverse trend would likely hurt Playtika's growth as the company generates money through advertisements on its platform that attracts millions of active gamers every day.

Revenue growth is already expected to decelerate at a notable pace in , before slightly picking up in the following years. However, if Playtika misses growth projections due to slower-than-expected growth, its share price may fall even further. Highly concentrated competition could lead to lower gross margins, which would affect its profitability in the long run. In relation to its market cap and fundamentals, Playtika deserved more attention as a newcomer on the Nasdaq. Its most recent earnings call also demonstrated that its growth hasn't stalled yet, although growth rates are set to slow in coming years.

Still, the company appears undervalued compared to peers, trading at just 4 times forward sales and 30 times its earnings. Thus, although risks remain, this stock may be an attractive investment in the long term. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it other than from Seeking Alpha. I have no business relationship with any company whose stock is mentioned in this article. Additional disclosure: All predictions and projections are solely median estimates by financial analysts and are due for uncertainty.

All graphs, charts, etc. I do not guarantee the accuracy for any of my mentioned price targets, and thus, they should not be used as investment advice. Main Street Investor 3. High Growth and Profitability Playtika reported robust Q4 earnings and full-year results for the fiscal year. Source: SA A Growing Industry The pandemic has further accelerated the global gaming industry's growth, as lockdowns forced young adults to stay indoors.

Risks While the mobile gaming market benefited from the pandemic due to strong demand for mobile games, the growth could fade in once economies around the world reopen. Takeaways In relation to its market cap and fundamentals, Playtika deserved more attention as a newcomer on the Nasdaq. This article was written by. Main Street Investor. I am a 21 year old investor and currently finishing my Bachelors degree in Finance and Business.

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On Jan. The stock is set to start trading on Jan. Last year, many IPOs including Snowflake and Airbnb more than doubled on listing day, which shows the strong demand for high-growth tech companies among investors. Another user by the name arror expects Playtika stock to rise sharply in early trading and then expects a sell-off.

Many institutional investors and large retail investors don't like to hold the position over the weekend. Based on the private market and public market valuation, the premium sought by Playtika is much smaller compared to some of the other companies that have listed over the last year. For example, Roblox is now valued at almost seven times what it was valued in a funding round in February The multiple is much lower than what some of the other gaming companies have attracted.

What IPOs am I looking forward to in ? Four Fintech companies will likely go public this year. Robinhood, Coinbase, possibly Stripe, and eToro. Unlike most other companies that went public over the last year, Playtika is posting a positive net income. The revenues increased at a CAGR of 18 percent between and Since Playtika is listing on Jan. Analysts will start covering the stock soon and assign a target price.

Playtika looks like a good stock to buy based on the reasonable valuation multiples. View options Order by latest to oldest Order by oldest to latest Show all replies. Get Pocket Gamer Biz in your inbox. Daily Updates Weekly Updates.

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New IPO Playtika PLTK Going Public January 15th 2021

Playtika went public today in an initial public offering at $27 a share, giving the mobile game publisher a valuation of $ billion. Mobile gaming company Playtika's stock opened at $ on Friday, 23 percent above its initial public offering price. Playtika went public at a $11 billion valuation last January, but is currently only being traded at a market cap of around $ billion.