Gambling.com tumbles as chairman, top holder cut stakes
15/06/2023 14:25
** U.S.-listed shares of Gambling.com Group GAMB.O down
14.4% at $9.42 before the bell as secondary offering prices
** Sports betting firm late Weds announced 4.25 mln shares
sold by Edison Partners, co chairman Mark Blandford and Gerard
J. Hall at $9.25, ~16% discount to last sale
** Prior to offering, Blandford owned ~12.7 mln shares, or
34% GAMB stake, while Edison held ~5.2 mln shares, ~14% stake,
per the prospectus filing
** Jefferies and Stifel leading the offering
** YTD, GAMB shares up 20% through Weds close
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))