Recently, there was speculation that Scientific Games‘ social gaming division was ready to be publicly traded. According to a spokesman for the company, they had filed the initial application with the U. S. Securities and Exchange Commission (SEC).

Now it appears that the company is ready for their launch. SciPlay Corporation, a subsidiary of Scientific Games, one of the leading social gaming businesses, announced on April 22 that they are ready to begin the initial public offering (IPO) of their Class A common stock. The company is offering 22 million shares of the common stock, with an initial offering price of somewhere between $14 and $16 per share.

As part of the initial offering, SciPlay is expected to grant the underwriters a grace period of 30 days where they would be able to purchase an additional 3,300,000 of the common stock at the initial public offering price. These shares are expected to be traded on the NASDAQ Global Select Market under the symbol SCPL.

The objective of the company is to raise at least $330 million from their IPO, and maybe as much as $352 million.