Over the holiday period online betting firm NYX Gaming Group announced that it has successfully completed its initial public offering on the Toronto Stock Exchange.
As a result of the IPO, NYX was able to issue 5,715,000 and an aggregate of 7,143,000 shares were sold by outside firm Verdane NVP II Associates SPV K/S for $3.50 CDN per share. THat number brings $20 million CDN in funding to NYX, with $25 million in stock share revenue for shareholders.
The IPO was completed on December 30th, and began trading the same day on the TSX Venture Exchange with the stock ticker symbol NYX.
NYX is based in Las Vegas, but has offices throughout the world. The company is known for partnering with world governments to provide lottery technology, but also has a sizable online casino presence.