Slot and table-game supplier AGS has confidentially filed a draft registration statement on Form S-1 to the United States Securities and Exchange Commission, relating to a potential initial public offering of its common stock, according to a report last week on the Yogonet website.
The number of shares to be offered and the price range for the offering have not been determined. The initial public offering is expected to commence sometime after the SEC completes its review process, subject to market and other conditions. AGS intends to list its common stock under the ticker symbol “AGS.”
A registration statement on Form S-1 relating to the proposed offering has been filed with the SEC but has not yet become effective.
AGS, formerly American Gaming Systems, entered the market several years ago as a niche slot manufacturer. Since the arrival of CEO David Lopez, the company has expanded its slot line with the acquisition of Georgia-based Cadillac Jack, and has created a new table-game provision that has rapidly grown through the acquisition and organic development of several hit proprietary table games and side bets.
