The parent company of online poker giant PokerStars has raised more than $600 million from the recent public offering of its common shares.

In a regulatory filing, The Stars Group announced that the company managed to sell 17,000,000 common shares while several company shareholders disposed 8,000,000 of their common shares for a total net proceeds of $622 million.

Morgan Stanley, J.P. Morgan and Deutsche Bank Securities acted as the joint book-running managers and representatives of the underwriters for the offering. The additional joint book-running managers for the offering were Goldman Sachs & Co. LLC, Barclays, BMO Capital Markets and Macquarie Capital (USA) Inc. The co-managers for the offering include Blackstone Capital Markets, Cormark Securities (USA) Limited, Canaccord Genuity Corp., Union Gaming Securities, LLC and Investec Bank plc.

The Stars Group and selling shareholders approved an over-allotment option to purchase up to 1,875,000 and an additional 1,875,000 common shares, respectively. The company said the option may be done for a period of 30 days from June 21.