DoubleDown Interactive slides after $37 million secondary offering

DoubleDown Interactive

12/06/2025 16:09

** Shares of gaming company DoubleDown Interactive DDI.O plunge 13.9% to $9.20

** DDI announces pricing of secondary offering of 4.3 million American Depositary Shares (ADSs)

** Selling shareholder STIC Special Situation Diamond sold the ADSs at $8.50 apiece for gross proceeds of $37 million

** Offering priced at 20.4% discount to stock's last close

** Roth Capital Partners was the lead book-running manager for the offering

** All 4 brokerages covering the stock rate "buy" or higher; median PT $19.50 - data compiled by LSEG

** As of last close, DDI stock up 2.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))