Latham & Watkins advised NeoGames, a provider of online gaming technology and services to lottery operators, in its US$94 million initial public offering (IPO) on the Nasdaq. The Tel Aviv, Israel-based company offered 5,528,650 ordinary shares at a price of US$17 per ordinary share, including the 721,128 ordinary shares sold upon the full exercise of the underwriters’ overallotment option. The offering consisted of 2,987,625 ordinary shares being offered by the Company and 2,541,025 ordinary shares being offered by certain selling shareholders.

NeoGames is a global B2G and B2B technology and service provider to state lotteries and other lottery operators in Europe and North America, the company offers a full-service solution with all of the elements required for the offering of lottery games.

Latham’s capital markets team was led by London partner Josh Kiernan and New York partner Nathan Ajiashvili, with associates Gilad Zohari and Daniel Walder. Advice on tax matters was provided by New York partner Elena Romanova and associate Amy Robertson.