Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the Nasdaq Global Select Market under the ticker symbol PLTK.
As of February 22, 2021, there were approximately 12 stockholders of record of our common stock.
Dividends
We do not anticipate paying cash dividends on our shares of common stock on a go-forward basis.
Recent Sales of Unregistered Securities
The following sets forth information regarding all unregistered securities sold by us from January 1, 2019 through December 31, 2020 (after giving effect to a 400-for-one stock split of our common stock effected on January 6, 2021):
• On June 26, 2020, we granted (i) stock options to employees representing an aggregate of 8,000,000 shares of our common stock under our 2020 Incentive Award Plan, with an exercise price of $18.71 per share, and (ii) restricted stock units (“RSUs”) to employees representing an aggregate of 14,000,000 shares of common stock under our 2020 Incentive Award Plan, of which 13,910,000 immediately vested.
• On October 8, 2020, we granted RSUs representing an aggregate of 5,854,800 shares of common stock under our 2020 Incentive Award Plan.
Use of Proceeds from Initial Public Offering of Common Stock
On January 20, 2021, we closed our initial public offering, in which we sold 18,518,500 shares of our common stock and our stockholder, Playtika Holding UK II Limited, or Playtika Holding UK, sold 61,406,500 shares, which included the full exercise of the underwriters’ option to purchase an additional 10,425,000 shares of common stock from Playtika Holding UK, in each case, to the public at a price of $27.00 per share. The aggregate offering price for shares sold in the offering was $2.1 billion. The offer and sale of all of the shares in the initial public offering were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No. 333-251484), which was declared effective by the SEC on January 14, 2021. The offering commenced on January 14, 2021, and Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC) acted as representatives for the initial public offering. Following the sale of the shares in connection with the closing of the initial public offering on January 20, 2021, the offering terminated.
The net proceeds to us from the initial public offering were approximately $469.3 million, after deducting the underwriting discounts and commissions and estimated offering expenses payable by us. The Company still maintains these funds in its cash accounts, but such funds may be used in the future for general corporate purposes, including working capital, operating expenses, capital expenditures, repayment of borrowing under our Term Loan, and potential future acquisitions. We did not receive any proceeds from the sale of shares of common stock in the offering by Playtika Holding UK. There has been no material change in the planned use of proceeds from the initial public offering from that described in the final prospectus, dated January 14, 2021, filed with the SEC pursuant to Rule 424(b).
Issuer Purchases of Equity Securities
During the quarter ended December 31, 2020, we did not purchase any of our equity securities that are registered under Section 12 of the Exchange Act.
ITEM 6. SELECTED FINANCIAL DATA
Not applicable.
53