DoubleDown Interactive Co., Ltd. announced the pricing of an underwritten secondary offering of 4,347,827 American Depositary Shares (ADSs) by STIC Special Situation Diamond Limited, a selling shareholder. Each ADS represents 0.05 common share of the company, and the public offering price was set at $8.50 per ADS.
The selling shareholder has granted the underwriters a 30-day option to purchase up to an additional 652,173 ADSs at the public offering price, less underwriting discounts and commissions. This offering consists entirely of shares sold by the selling shareholder, meaning the company itself will not receive any proceeds from this sale.
The offering is expected to close on or about June 13, 2025, subject to customary closing conditions. Roth Capital Partners is acting as Lead Bookrunning Manager, with Texas Capital Securities as Co-Bookrunning Manager for the transaction.
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