Scientific Games (SG) thinks its social gaming business is ready to be publicly traded. According to the company, it has filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC) for what it will call “SciPlay” and that would be traded on the NASDAQ Global Select Market exchange under the ticker symbol “SCPL.”

Social gaming encompasses games that are free to play; however, they offer in-game items that can be purchased in order for the developers to earn revenue. SG has said that its gross gaming revenue from social gaming reached $416.2 million last year, 15% higher than a year earlier.

SG is behind games such as Gold Fish Casino Slots, Quick Hit Slots, Bingo Showdown, Jackpot Party and MONOPOLY Slots. The company reportedly has as many as 1,800 social casino games available.

During a recent earnings call with investors, SG CEO Barry Cottle addressed the possibility of an IPO. He was asked by an investor about the potential and responded, We are considering a possible initial public offering of a minority interest. The process is moving along. We anticipate that the proceeds from the IPO would primarily be used to repay debt.”