- B. Riley Financial, Inc RILY will initiate a cash tender offer through its subsidiary to acquire 2 million ADSs of digital social casino games developer DoubleDown Interactive DDI.
- Each ADS represented 0.05 of a share of DDI, at $18 per ADS.
- B. Riley Securities was the sole bookrunner for DDI's August IPO.
- B. Riley held $2 billion in cash and equivalents as of June 30.
- Price Action: DDI shares traded higher by 3.66% at $16.69 in the premarket session on the last check Monday.
DDIDoubleDown Interactive Co Ltd
$10.285.76%
Edge Rankings
Momentum14.86
Growth10.58
Quality-
Value93.70
Price Trend
Short
Medium
Long
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