Billionaire to Sell Up to $658 Million of Evolution Gaming Stock
- Richard Livingstone is offering a 4.7% stake or 8.5m shares
- Lockdown winner Evolution Gaming stock surged 140% this year
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Evolution Gaming Group AB’s top shareholder Richard Livingstone is selling stock worth as much as 5.91 billion kronor ($658 million) in the Swedish company, according to deal terms reviewed by Bloomberg.
The British billionaire, who currently owns a 16.4% a stake, is selling 8.5 million shares in an accelerated offering via Morgan Stanley, according to the terms. Evolution Gaming, one of the world’s biggest online casino platforms, closed at 695 kronor on Monday, bringing the stock’s gains to 140% this year.