MeridianBet marks Nasdaq launch with opening bell ceremony

Executives celebrate opening bell ceremony
Image: MeridianBet

MeridianBet marked its launch on the Nasdaq stock exchange with an opening bell ceremony at the Nasdaq MarketSite in New York.

The operator joined Nasdaq under the Golden Matrix Group following the acquisition of MeridianBet by Golden Matrix last year.

Golden Matrix initially struck a deal to acquire MeridianBet for $300 million, however, the transaction value increased to $331 million due to the strong performance of MeridianBet.

“This is a defining moment for both entities,” stated Golden Matrix CEO Brian Goodman. “Leveraging MeridianBet’s impressive market presence, technology and expertise and our advanced diversified offering, we are set to redefine industry standards globally.”

According to MeridianBet, launching on Nasdaq further solidifies its integration within the global market and symbolizes the beginning of a new era for expanded market research and global strategic opportunities. 

The company also says that the Nasdaq listing will allow for greater efficiency and a stronger platform to launch further expansions and innovations. 

“Joining the Nasdaq as part of Golden Matrix will scale our operations significantly” added MeridianBet CEO Zoran Milosevic. “We are excited about the increased market visibility and the opportunities to expand even further into new territories. This partnership will leverage our combined strengths, focusing on innovation and profitability.”

MeridianBet currently operates in several locations including southeastern Europe, Africa and Latin America.

Key executives from both organizations were present at the opening bell ceremony in Times Square.

Games Global readies for New York Stock Exchange IPO

MeridianBet’s public debut is set to be followed by iGaming supplier Games Global.

Last week the organization registered an initial public offering (IPO) with the New York Stock Exchange.

In a filing with the SEC, it said it intended to trade on the NYSE under the GGL symbol however it is yet to confirm the number of shares on offer or the price of shares.

The company registered its IPO off the back of a strong 2023. In the full Form F-1 filing Games Global posted its full-year results for 2023 which revealed that the company generated $327.5 million in revenue, up 82.3% year-on-year from the $191.4 million it reported last year.