pleaseThe social betting company is now considering a possible IPO, which will likely focus on US companies. Nasdaq, Weekly schedules reported for the first time. However, the United States may not be the only jurisdiction where the company would be interested in continuing cooperation. Initial public offering (IPO).
Dabble confident of US entry and looking to raise additional capital through public listing
Instead, Dabble is also exploring its options in Australia, where it could eventually list on an exchange. Australian Stock Exchange (ASH). Dabble is determined to expand its presence and raise additional capital. The shareholder document seen by the publication said:
“We are currently exploring potential IPO routes with Australian and US advisors and early feedback suggests Dabble could be a promising IPO prospect.
We expect this figure to exceed 5 per cent by 2027. While advertising reform is likely to take place in Australia, we believe that recreational gamblers will continue to use betting as a form of entertainment and that ultimately the best product will win. “Dabble is well prepared to withstand any change.”
At the beginning of the year, the company announced that it wanted to start operating in Daily Fantasy Sports (DFS) on the market USA.
Although originally based in Australia, Dabble and his co-founder and chief strategy officer Juan Robin He has long viewed the United States as an important springboard toward his company’s future success.
News of a possible IPO is therefore not surprising, as Dabble could use the additional capital to accelerate its growth in this highly controversial jurisdiction. Not to mention the concern that the betting and DFS sector has come under fire from key gaming industry stakeholders.
Reaching hundreds of thousands of Gen Z and Millennial sports fans.
In fact, Dabble has managed to amass a respectable audience of over 850,000 users since its launch in the USA in October 2023.
At the moment, DFS is the only vertical that Dabble seems interested in operating in, and there has been no attempt to break into mainstream gaming.
However, Dabble has become an integral part of many generations of gamers, especially Generation Z and millennial sports fans who have found the app somewhat interesting and enjoy using it.
Additionally, Dabble has received investments from some of the biggest companies in the sector, including Tabcorp in Australia, a major betting giant, and Yolo Investmentsa venture capital initiative that seeks out and supports promising industrial projects.
Dabble also recently expanded its esports betting offering in Australia with PandaScore.
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