Inspired Entertainment rallies as top investor heads for the exits

Inspired Entertainment

26/05/2021 15:06

** Inspired Entertainment Inc  INSE.O  shares jump ~22%
to$11.49, and last up 14.3% at $10.80, after video game tech co
prices secondary offering
    ** INSE announces 5.4 mln shares sold by The Landgame Trust
at $9.25  urn:newsml:reuters.com:*:nPn2CBnnVa
    ** #1 investor Vitruvian Partners LLC, deemed owner of the
shares held by Landgame, would cut its INSE stake from ~27% to
~3.5% if full overallotment exercised, per filing https://www.sec.gov/Archives/edgar/data/1615063/000149315221012857/form424b3.htm#v_007
    ** B. Riley and Macquarie Capital jt bookrunners   
    ** ~1.4 mln INSE shares have traded so far, >10x the 30-DMA
(Refinitiv data), busiest session in a year
    ** With move on Weds, stock up ~64% YTD

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))