High Roller Technologies Announces Pricing of its Initial Public Offering
High Roller Technologies (NYSE American: ROLR) has announced the pricing of its initial public offering of 1,250,000 common stock shares at $8.00 per share, raising gross proceeds of $10 million before deducting costs. The company granted underwriters a 45-day option to purchase up to 187,500 additional shares. Trading is expected to begin on NYSE American under 'ROLR' on October 23, 2024. The proceeds will fund new user acquisition, expansion to North American markets, launch of new brands, and working capital. ThinkEquity serves as the sole book-running manager for the offering, which is expected to close on October 24, 2024.
High Roller Technologies (NYSE American: ROLR) ha annunciato il prezzo della sua offerta pubblica iniziale di 1.250.000 azioni ordinarie a 8,00 $ per azione, raccogliendo un introito lordo di 10 milioni di dollari prima della deduzione dei costi. L'azienda ha concesso ai sottoscrittori un'opzione di 45 giorni per acquistare fino a 187.500 azioni aggiuntive. Si prevede che le contrattazioni inizieranno su NYSE American con il simbolo 'ROLR' il 23 ottobre 2024. I proventi serviranno per acquisire nuovi utenti, espandersi nei mercati nordamericani, lanciare nuovi marchi e per il capitale circolante. ThinkEquity funge da unico book-running manager per l'offerta, che dovrebbe chiudersi il 24 ottobre 2024.
High Roller Technologies (NYSE American: ROLR) ha anunciado el precio de su oferta pública inicial de 1,250,000 acciones ordinarias a 8.00 $ por acción, recaudando ingresos brutos de 10 millones de dólares antes de deducir costos. La empresa otorgó a los suscriptores una opción de 45 días para comprar hasta 187,500 acciones adicionales. Se espera que la negociación comience en NYSE American bajo 'ROLR' el 23 de octubre de 2024. Los ingresos se destinarán a la adquisición de nuevos usuarios, expansión a mercados norteamericanos, lanzamiento de nuevas marcas y capital de trabajo. ThinkEquity actúa como el único gerente de la oferta, que se espera cierre el 24 de octubre de 2024.
하이 롤러 테크놀로지스 (NYSE American: ROLR)는 125만 주의 일반주식을 주당 8.00 달러로 처음 공모하는 상장공모 가격을 발표했으며, 비용을 제하고 1천만 달러의 총 수익을 올렸습니다. 회사는 인수업체에 45일 동안 187,500주를 추가로 구매할 수 있는 옵션을 부여했습니다. 거래는 2024년 10월 23일 'ROLR'로 NYSE American에서 시작될 것으로 예상됩니다. 수익금은 신규 사용자 확보, 북미 시장 확장, 신규 브랜드 출시 및 운영 자본에 사용될 것입니다. ThinkEquity는 이번 공모의 단독 주관사로, 2024년 10월 24일에 종료될 것으로 예상됩니다.
High Roller Technologies (NYSE American: ROLR) a annoncé le prix de son introduction en bourse de 1.250.000 actions ordinaires à 8,00 $ par action, levant des recettes brutes de 10 millions de dollars avant déduction des coûts. La société a accordé aux souscripteurs une option de 45 jours pour acheter jusqu'à 187.500 actions supplémentaires. Les transactions devraient commencer sur NYSE American sous 'ROLR' le 23 octobre 2024. Les fonds seront utilisés pour l'acquisition de nouveaux utilisateurs, l'expansion dans les marchés nord-américains, le lancement de nouvelles marques et le fonds de roulement. ThinkEquity est le gestionnaire exclusif de l'offre, dont la clôture est prévue pour le 24 octobre 2024.
High Roller Technologies (NYSE American: ROLR) hat den Preis für sein börsennotiertes Angebot von 1.250.000 Stammaktien zu je 8,00 $ pro Aktie bekannt gegeben, wodurch vor Abzug der Kosten Bruttoeinnahmen von 10 Millionen Dollar erzielt werden. Das Unternehmen hat den Underwritern eine 45-tägige Option gewährt, bis zu 187.500 zusätzliche Aktien zu erwerben. Der Handel wird voraussichtlich am 23. Oktober 2024 unter 'ROLR' an der NYSE American beginnen. Die Erlöse werden zur Kundengewinnung, zur Expansion in nordamerikanische Märkte, zur Einführung neuer Marken und für das Betriebskapital verwendet. ThinkEquity fungiert als alleiniger Book-Running-Manager für das Angebot, das voraussichtlich am 24. Oktober 2024 abgeschlossen wird.
- Successful IPO raising $10 million in gross proceeds
- Strategic expansion plans into North American markets
- Listing on major exchange (NYSE American)
- Potential for additional capital through 187,500 share over-allotment option
- Potential shareholder dilution from IPO and possible over-allotment exercise
- Offering expenses and underwriting discounts will reduce net proceeds
Insights
This IPO represents a strategic entry into the public markets for High Roller Technologies, though the
The planned use of proceeds indicates a clear growth strategy focused on user acquisition and market expansion, particularly in North America. However, investors should note that the small offering size may limit the company's ability to execute aggressive growth plans in the highly competitive online gaming space. The inclusion of an over-allotment option for additional
High Roller's market entry through HighRoller.com and Fruta.com positions them in the premium segment of online gaming, a potentially lucrative but highly competitive niche. The focus on "high rollers" suggests a strategy targeting higher-margin players rather than mass-market volume, which could lead to better unit economics but increased customer acquisition costs.
The timing of this IPO coincides with expanding regulations and growing acceptance of online gaming across North America. However, the relatively small capital raise may challenge their ability to compete with established players who have significantly larger marketing budgets and existing user bases. Success will largely depend on their ability to efficiently deploy capital for user acquisition while maintaining premium brand positioning.
Las Vegas, Nevada, Oct. 22, 2024 (GLOBE NEWSWIRE) -- High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of www.HighRoller.com and www.Fruta.com, each a premium brand in online gaming and a destination for high rollers, today announced the pricing of its initial public offering of 1,250,000 shares of the Company’s common stock at a public offering price of
The shares of common stock are expected to begin trading on the NYSE American under the ticker symbol “ROLR” on October 23, 2024. The offering is expected to close on October 24, 2024, subject to customary closing conditions.
High Roller intends to use the net proceeds from the offering for new user acquisition, the expansion to North American and/or other regulated markets, the launch of one or more new brands or verticals, and the balance of proceeds for general working capital.
ThinkEquity is acting as sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-276176) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on October 22, 2024. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. operates as a global online gaming operator. The Company offers a compelling real money online casino platform with enhanced search engine optimization, direct API integrations, faster load times, and better scalability. High Roller Technologies serves customers worldwide.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
ir@highroller.com
800-460-1039
FAQ
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