1. DDI announced a secondary offering of 2.3 million ADSs at $8 each. 2. The offering is made by a selling shareholder, not impacting DDI's shares. 3. DDI will not receive proceeds from this share sale. 4. The offering is expected to close on December 18, 2025. 5. DDI recently acquired WHOW Games, expanding its market presence.
FAQ
Why Bearish?
Secondary offerings often signal increased supply, potentially leading to downward price pressure. Historical examples show that announced secondary offerings can negatively affect investor sentiment.
How important is it?
The secondary offering suggests dilution concerns without utility of proceeds, affecting investor outlook.
Why Short Term?
The primary market effects from the offering are likely to be felt immediately. Investor reactions to new supply weight heavily on stock price initially.
DoubleDown Interactive (DDI) Announces Secondary Offering Pricing
SEOUL, South Korea, December 17, 2025 (GLOBE NEWSWIRE) — DoubleDown Interactive Co., Ltd. (Nasdaq: DDI) has officially announced the pricing of an underwritten secondary offering of 2,330,468 American Depositary Shares (ADSs). Each ADS represents 0.05 common share of the company and is being offered at a public price of $8.00 per ADS by the selling shareholder, STIC Special Situation Diamond Limited.
Details of the Offering
This secondary offering is comprised entirely of ADSs being sold by the selling shareholder, and it will not affect the total number of outstanding common shares. Importantly, DoubleDown Interactive will not receive any proceeds from this sale. The offering is anticipated to close on or around December 18, 2025, pending customary closing conditions.
Roth Capital Partners is serving as the Lead Bookrunning Manager, while Texas Capital Securities acts as the Co-Bookrunning Manager for this transaction.
Registration and Compliance
The ADSs in this offering are made under a shelf registration statement on Form F-3, filed with the Securities and Exchange Commission (SEC) on September 19, 2025, and declared effective on September 30, 2025. The offering details will be elaborated in a prospectus supplement, which will be filed with the SEC. Interested parties can obtain this prospectus supplement from Roth Capital Partners, LLC, by phone or through email. Additionally, the SEC's website offers access to relevant filings.
Important Disclosures
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities. Sales are limited to jurisdictions where such activities would not be unlawful. All transactions will comply with the registration requirements of the Securities Act of 1933.
The release also includes forward-looking statements, which are subject to risks and uncertainties that can cause actual results to differ significantly from current expectations. Factors include changes in economic conditions, market fluctuations, and other elements detailed in DoubleDown Interactive's filings with the SEC.
About DoubleDown Interactive
DoubleDown Interactive Co., Ltd. is a prominent developer and publisher of digital games, providing engaging experiences on mobile and web-based platforms. The company's flagship title, DoubleDown Casino, delivers authentic Vegas-style entertainment to millions worldwide. Recently, DoubleDown expanded its portfolio by acquiring WHOW Games GmbH, a Hamburg-based developer, and operates three real-money iGaming sites through its subsidiary, SuprNation, in Western Europe.
Contact Information
Joe Sigrist
Chief Financial Officer
Phone: +1 (206) 408-7545
Email: ir@doubledown.com
Investor Relations:
Joseph Jaffoni, Christin Armacost
JCIR
Phone: +1 (212) 835-8500
Email: DDI@jcir.com