DoubleDown Interactive Slips After Secondary Offering Prices

Dow Jones

Jun 13, 2025

By Sarina Isaacs

Shares of DoubleDown Interactive fell after the casino-games developer said an underwritten secondary offering by a selling shareholder priced.

The stock was down 16%, to $8.99, in Thursday afternoon trading, putting it in the red for the year. Shares have lost some 30% over the past 12 months.

The South Korea company said the offering is for about 4.35 million American depositary shares, at a public offering price of $8.50 apiece--a 20% discount to Wednesday's $10.68 closing price--by STIC Special Situation Diamond Ltd. DoubleDown said the offering consists entirely of ADSs and won't change the number of common shares outstanding.

The company said it won't receive any proceeds from the sale, and that the offering is expected to close on or about Friday.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

June 12, 2025 12:36 ET (16:36 GMT)

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Shares have lost some 30% over the past 12 months. \n\n\n  The South Korea company said the offering is for about 4.35 million American depositary shares, at a public offering price of $8.50 apiece--a 20% discount to Wednesday's $10.68 closing price--by STIC Special Situation Diamond Ltd. 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