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PlayAGS Announces Secondary Offering

PlayAGS Announces Secondary Offering

PlayAGS, Inc., the public company formed by the IPO earlier this year of slot and table-game supplier AGS, announced the commencement of a secondary public offering of 4.25 million shares of the company’s common stock by Apollo Gaming Holdings, L.P., the former AGS parent company that is now its largest shareholder.

The pricing was subsequently announced at $21.50 per share.

The underwriters will have a 30-day option to purchase up to an additional 425,000 shares of common stock from Apollo. The company itself is not selling any shares and will not receive any proceeds from the offering.

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