DoubleDown Interactive Co., Ltd. American Depository Shares - DDI STOCK NEWS

DoubleDown Interactive (NASDAQ: DDI) will host a conference call on November 10, 2021, at 5:00 p.m. ET to discuss its third quarter results for the period ending September 30, 2021. A press release with financial results will precede the call. Participants can join via U.S. dial-in at 1-888-705-0418 or international at 1-929-517-9007, using Conference ID: 2667354. A replay of the call will be available until December 10, 2021.

B. Riley Securities has concluded its cash tender offer for up to 2,000,000 American Depositary Shares (ADS) of DoubleDown Interactive (Nasdaq: DDI) at $18.00 per ADS. The offer expired on October 22, 2021, and was oversubscribed, with 3,228,289 DDI ADS tendered. B. Riley will purchase the ADS on a pro rata basis, with a preliminary proration factor of approximately 61.95%. This tender offer was structured per the Offer to Purchase dated September 23, 2021.

DoubleU Games intends to acquire additional common shares of DoubleDown Interactive (DDI) as part of a strategic agreement. This acquisition involves purchasing 161,927 shares from STIC at US$360 each, totaling about 3,238,540 ADSs. Upon completion, DoubleU Games' ownership in DDI will rise from 60.5% to 67%. The transaction is expected to finalize by late October 2021. CFO Jay Choi expressed strong confidence in DDI’s long-term growth, emphasizing the collaborative growth potential between the companies.

DoubleDown Interactive (NASDAQ: DDI) has launched its first-ever RPG, Undead World: Hero Survival, a zombie apocalypse game available on Android and iOS as of September 27, 2021. This marks a significant shift from the company's traditional social casino games. The launch was accompanied by a major content update that introduced three new heroes, a new mini-game, and hero ascension features, with future updates promised. CEO In Keuk Kim expressed excitement over the game’s reception and the potential for ongoing development.

DoubleDown Interactive (NASDAQ: DDI) announces the launch of Undead World: Hero Survival, a new zombie RPG blending idle gameplay with character collecting. This venture signifies a shift from their traditional casino game focus. CEO In Keuk Kim expressed excitement over expanding into new mobile game genres, highlighting positive feedback from a soft launch. The game features various modes, social gameplay elements, and is set for a worldwide release on iOS and Android in late September 2021. Players can pre-register via Google Play for updates.

B. Riley Financial (RILY) announced a cash tender offer to purchase up to 2,000,000 ADS of DoubleDown Interactive (DDI) at $18.00 per ADS. This initiative reflects B. Riley's confidence in DDI's strong market position and profitability. The tender offer is set to commence by late September 2021. B. Riley has been a significant purchaser of DDI shares since its IPO, emphasizing the strategic value of this acquisition for enhancing shareholder value.

DoubleDown Interactive announced the closure of its initial public offering, selling 6,316,000 American Depositary Shares (ADSs) at $18.00 each. The company sold 5,263,000 ADSs, while a selling shareholder contributed 1,053,000. Net proceeds to the company are expected to be approximately $86.5 million after expenses. The offering was executed under its Registration Statement on Form F-1. Following the offering, two non-executive directors resigned from the board. The company warns that forward-looking statements may be affected by various risks and uncertainties.

DoubleDown Interactive has priced its initial public offering (IPO) of 6,316,000 American Depositary Shares (ADSs) at $18.00 per ADS, aiming for gross proceeds of $113.7 million.

Of the total, 5,263,000 ADSs are offered by the company and 1,053,000 by a selling shareholder, who has given underwriters a 30-day option for an additional 947,400 ADSs. The net proceeds expected for the company are approximately $86.5 million.

The ADSs are set to trade on NASDAQ under the ticker symbol DDI starting on August 31, 2021.

DoubleDown Interactive announced the engagement of B. Riley Securities as lead underwriter for its upcoming initial public offering (IPO) of American Depositary Shares (ADSs) on NASDAQ under the symbol DDI. The registration statement on Form F-1 has been filed with the SEC but is not yet effective, meaning no offers can be made until it becomes effective. Macquarie Capital will also serve as an underwriter. This IPO aims to offer additional capital to support the company's growth.