High Roller Technologies Inc. Closes 1.9M Share Offering, Raising $25 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Benzinga
- Successful Offering: High Roller Technologies announced the closure of a 1.9 million share offering at $13.21 per share, raising approximately $25 million to support its sales, geographic expansion, and product development initiatives.
- Positive Market Reaction: Following the offering announcement, the company's stock surged 45.18% in after-hours trading to $11.44, reflecting strong investor confidence in the company's growth potential.
- Financial Health Metrics: With a market capitalization of $66.96 million, High Roller Technologies has seen its stock rise 75.5% over the past 12 months, indicating robust market performance and potential for long-term investors.
- Technical Analysis Highlights: According to Benzinga Pro data, the company's Relative Strength Index (RSI) stands at 52.68, indicating moderate market momentum, while the current stock price is near 20.7% of its 52-week low, presenting potential buying opportunities for investors.
Analyst Views on ROLR
About ROLR
High Roller Technologies, Inc. is an iCasino and entertainment company that is focused primarily on online casino betting in Europe and other markets. The Company, through its wholly owned subsidiaries, controls and operates an online gaming operator. It operates an online gaming business offering casino games to customers in various jurisdictions worldwide under the HighRoller.com and fruta.com domain names. It delivers a cutting-edge real-money online casino platform. It provides iCasino, consisting of the full suite of games available in land-based casinos, such as blackjack, roulette, baccarat, poker and slot machines. It has a diverse portfolio of over 4,000 premium games from more than 50 game providers. The Company serves a global customer base, offering an immersive and engaging gaming experience in the iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and scalability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
