DoubleDown Interactive Shares Pop As B. Riley Seeks To Acquire Additional Shares

September 13, 2021 11:44 AM | 1 min read

B. Riley Financial, Inc RILY will initiate a cash tender offer through its subsidiary to acquire 2 million ADSs of digital social casino games developer DoubleDown Interactive DDI.
Each ADS represented 0.05 of a share of DDI, at $18 per ADS.
B. Riley Securities was the sole bookrunner for DDI's August IPO.
B. Riley held $2 billion in cash and equivalents as of June 30.
Price Action: DDI shares traded higher by 3.66% at $16.69 in the premarket session on the last check Monday.