Light & Wonder is considering a secondary listing to expand its profile in Australia and gain access to new institutional investors.<\/p>\n\n\n\n\n\n\n\n
Australia.- Light & Wonder (L&W)<\/strong>, a provider of casino equipment and digital gaming content, is weighing up the possibility of a listing on the Australian Securities Exchange (ASX). The secondary listing would complement its current listing on Nasdaq. <\/p>\n\n\n\n The gaming technology firm cites potential benefits, including enhancing its profile in Australia, one of its leading markets, and gaining access to new long-term institutional investors. The group\u2019s Nasdaq-listed stock was down 5.49 per cent on Wednesday (March 15) at US$55.04 per share.<\/p>\n\n\n\n L&W said it will consult its shareholders as part of the evaluation process and will update the market only after its evaluation is complete<\/strong> and a decision has been made on whether to proceed. The group has enlisted the financial institutions Goldman Sachs Australia and Jarden Australia in the evaluation.<\/p>\n\n\n\n Jamie Odell<\/strong>, executive chair of Light & Wonder, said ASX is a premium market with a long history as a platform for global gaming companies and a deep and liquid pool of investors with a strong understanding of the gaming business. He said he believes the investment audience would appreciate the value and long-term potential of L&W’s international business and strategy.<\/p>\n\n\n\n L&W posted a US$21m profit in the fourth quarter, with revenue up 17.6 per cent year-on-year. As of December 31, its outstanding debt stood at US$3.9bn. <\/p>\n","protected":false},"excerpt":{"rendered":" Light & Wonder is considering a secondary listing to expand its profile in Australia and gain access to new institutional investors.<\/p>\n","protected":false},"author":176,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Light & Wonder (L&W), a prominent gaming technology provider, is evaluating a secondary listing on the Australian Securities Exchange (ASX) to complement its existing Nasdaq presence. This strategic move aims to enhance its market profile in Australia, a key market, and attract new long-term institutional investors. The company has engaged Goldman Sachs Australia and Jarden Australia to assist with the evaluation process.","focusai_entities":"Light & Wonder, L&W, Nasdaq, Australian Securities Exchange, ASX, Goldman Sachs Australia, Jarden Australia, Jamie Odell","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"ASX Listing Strategy?","query":"What are the strategic implications of a secondary ASX listing for Light & Wonder's capital structure, investor diversification, and market positioning within the global iGaming and land-based gaming verticals?"},{"label":"Valuation & Liquidity?","query":"How might an ASX secondary listing impact Light & Wonder's valuation multiples and the liquidity of its shares, considering the distinct investor profiles and market dynamics between Nasdaq and ASX?"}],"footnotes":""},"categories":[16336,157],"tags":[],"class_list":["post-777003378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777003378"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003378\/revisions"}],"predecessor-version":[{"id":777003409,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003378\/revisions\/777003409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}