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Latham & Watkins Advises NeoGames on Secondary Offering

September 22, 2021
Capital markets team represents lottery gaming technology and services provider in underwritten public offering of ordinary shares.

Latham & Watkins advised NeoGames S.A., a provider of online gaming technology and services to lottery operators, on the closing of a US$143 million underwritten public offering of ordinary shares by a certain NeoGames shareholder at a price to the public of US$36.00 per ordinary share. The ordinary shares sold in the offering included 518,601 ordinary shares sold pursuant to the full exercise of the underwriters’ option to purchase additional ordinary shares.

The Latham team was led by London corporate partner Josh Kiernan, New York partner Nathan Ajiashvili, with associates Gilad Zohari and Kirby Swartz. Advice on tax matters was provided by New York partner Elena Romanova and associate Michael Yu. The selling shareholder was advised by Latham San Diego partner Sony Ben-Moshe and Los Angeles partner Steven B. Stokdyk.