Group announces proposed IPO for listing on Nasdaq

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Performance marketing digital marketing services provider Group Limited has announced its intentions to trade on the stock market. The affiliate has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its ordinary shares. 

The number of shares to be offered and the price range for the proposed offering have not yet been determined. The group has applied to list its ordinary shares on the Nasdaq Stock Market under the ticker symbol GAMB.

Jefferies LLC is acting as lead book-running manager and representative of the underwriters for the proposed offering, while Stifel and Truist Securities Inc will also serve as book-running managers for the proposed offering.

In a statement, the group noted that the proposed offering will be made only by means of a prospectus. Once available, a copy of the preliminary prospectus related to the proposed offering may be obtained from Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by phone at (877) 821-7388, or by email at [email protected].

A registration statement on Form F-1 relating to the proposed offering has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.’s US subsidiary KAX Media America Inc was issued with a sports betting vendor registration by the Virginia Lottery to provide marketing services for licensed operators in the Old Dominion State in January this year.

The move into Virginia adds to previously granted regulatory approvals in Tennessee, Illinois, Colorado, Indiana, New Jersey, Pennsylvania and West Virginia.