You May Have Missed This I.p.o.

On December 30 NYX Gaming Group completed an initial public offering

If, like many in the industry, you were taking a break over the festive season you may have missed an announcement from NYX Gaming Group on December 30 that it has successfully completed its initial public offering (IPO) on the Toronto exchange.

In the IPO, NYX Gaming Group issued 5,715,000 shares and an aggregate of 7,143,000 shares were sold by Verdane NVP II Associates SPV K/S and Verdane NVP II SPV K/S at a price of Cdn$3.50 per share.

The initial public offering and secondary offering resulted in aggregate gross proceeds of Cdn$20 million to NYX Gaming Group and Cdn$25 million to the selling shareholders, for total aggregate gross proceeds of Cdn$45 million.

NYX Gaming Group's shares began trading on December 30 2014 on the TSX Venture Exchange under the symbol "NYX".

The offering was made through a syndicate of underwriters led by Canaccord Genuity Corp. and comprised of Cormark Securities Inc., National Bank Financial Inc., Dundee Securities Ltd., Global Maxfin Capital Inc. and Mackie Research Capital Corporation.

The selling shareholders granted the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 1,286,000 shares at Cdn$3.50 to cover over-allotments, if any, and for market stabilization purposes.

NYX Gaming Group is headquartered in Las Vegas with development out of Stockholm and Sydney. The group provides market leading content and technology to some of the largest lotteries, casino and gaming operators across the globe. The Las Vegas office provides social poker and casino solutions out of the group headquarters.

Online Casino News Courtesy of Infopowa

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