The registration statement has been filed confidentially, and the number of shares to be offered – and their price range – is yet to be determined.
However, reports from Reuters earlier this year suggested that the business would look to raise $1bn from the IPO, which would value the business at around $10bn.
With the registration statement now filed, the SEC will carry out a review of the business before the offering can take place, which remains subject to market and other conditions.
The business is owned by a consortium of Chinese technology investors, led by Shanghai Giant Network Technology and including Alibaba founder Jack Ma’s Yunfeng Capital, which agreed to acquire Playtika from Caesars Entertainment in a $4.4bn deal in August 2016.
Caesars had owned the business since 2011, under whose leadership Playtika grew from a 10-person start-up to a business employing more than 1,300 people.
Since the Chinese consortium’s acquisition, Playtika has remained independently run under co-founder and chief executive Robert Antokol’s leadership.
