
DoubleDown Interactive, together with an unnamed selling stockholder, will offer a total of 11m American Depositary Shares (ADS), with every 20 ADSs representing one DoubleDown ordinary share.
The social casino business said it expects the IPO price to be between $17 and $19, meaning that the offering could see it raise as much as $209m, more than double the $100m it originally stated.
DoubleDown Interactive also noted that the selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1.65m ADSs at the IPO price.