Why GAN Limited's Shares Popped 24.8% in December
Shares of GAN Limited (NASDAQ: GAN) jumped 24.8% in December, according to data provided by S&P Global Market Intelligence, as the bullishness toward online gambling stocks continued.
Generally, stocks related to online gambling did well again in December as data from New Jersey and Pennsylvania gave a very bullish outlook on the industry's growth. But for GAN the biggest news was a public offering of 7.2 million shares for $15.50 per share. The offering was announced midmonth and raised about $111 million for the company before fees.
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Source Fool.com
