PointsBet Announces Pricing of Global IPO

PointsBet, a premier global sportsbook operator, today announced the pricing of its initial global public offering of 37,500,000 shares under the Initial Public Offering (Offer) as described in the Prospectus dated May 23, 2019. The shares were issued at the offer price of $2.00 per share, and PointsBet will have 110 million shares on issue with 26,930,020 shares subject to mandatory ASX escrow conditions.

Launched in Australia in 2017, with an expansion to the United States in January 2019, PointsBet is a rapidly growing sportsbook with unique offerings and a bettor friendly approach. PointsBet has introduced a slew of bettor-first initiatives including, Good Karma Payouts, which provides bettors relief in the event of unlikely circumstances that sway the fate of the game, Early Payouts, and an exclusive $10,000 gameday guarantee for all NBA and NHL playoff games, as well as the entire MLB and NFL seasons.

“Similar to the way we allow fans to take part in sporting events, our public offering allows fans to take part in us, as a company and as a platform,” said PointsBet global CEO, Sam Swanell. “The global public offering comes at a time of rapid growth for the company and industry at-large and we are eager to utilize this momentum to continue to make sports betting an exciting and rewarding experience for all our customers.”

Headquartered in New Jersey, PointsBet’s footprint in the United States continues to expand. The company has a deal with Catfish Bend Casino in Iowa to unveil the company’s first physical sportsbook in America, as well as agreement with New York’s Tioga Downs Casino Resort subject to the passing of enabling legislation. The additional funds from the IPO will be used to finance continued expansion in evolving markets.

Authored by: Jerry Milani

Jerry Milani is a freelance writer and public relations executive living in Bloomfield, N.J. He has worked in P.R. for more than 25 years in college and conference sports media relations, two agencies and for the International Fight League, a team-based mixed martial arts league, and now is the PR manager for Wizard World, which runs pop culture and celebrity conventions across North America. Milani is also the play-by-play announcer for Caldwell University football and basketball broadcasts. He is a proud graduate of Fordham University and when not attending a Yankees, Rams or Cougars game can be reached at Jerry (at) JerryMilani (dot) com.

Leave a Reply

Your email address will not be published. Required fields are marked *