PlayAGS Inc, a designer and supplier of electronic gaming machines and other products and services for the gaming industry, has announced the pricing of a secondary public offering of 5,500,000 shares of the company’s common stock by Apollo Gaming Holdings LP at a price to the public of $29.25 per share.
The underwriters will have a 30-day option to purchase up to an additional 825,000 shares of common stock from Apollo. PlayAGS also confirmed that it is not selling any shares and will not receive any proceeds from the offering. The offering is being made only by means of a prospectus.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission.
News of the second offering follows PlayAGS’ latest financial results for Q2 2018 where the firm posted record quarterly revenue of $72.8m, a rise of 45% year-on-year. It was, said the company, the most successful quarter in its history.