Dabble Considers Going Public to Take Its Growth to the Next Level

Dabble, a revolutionary social betting platform in Australia and a daily fantasy sports operator in the US, is said to be considering the next stage of its growth. An initial public offering (IPO) and sale of the business seem to be on the table.

Dabble Is Considering Nasdaq or ASX IPO
According to a reports, Dabble is, among other opportunities, considering a public listing in order to take its growth to the next level. The company is reportedly eyeing a listing on the Nasdaq or Australian Securities Exchange (ASX), hoping to generate significant shareholder value.

Described in a shareholder document as a “promising IPO prospect,” Dabble is carefully evaluating its options and collaborating with experienced advisors in Australia and the United States – its core markets.

Jon Robin, Dabble’s co-founder and executive director, commented on the matter in an early investor feedback, suggesting that the Nasdaq seems to be a natural fit for Dabble, considering the exchange’s size and the fact that it houses many of the world’s leading tech businesses.

However, Robin confirmed that an ASX listing is also a possibility. Alternatives to an IPO, on the other hand, include private trade between investors or even a sale of the business after a few years. The CEO is convinced that the company would be an attractive acquisition target, should it go on sale.

In any case, Dabble indicated that a potential listing could take between 18 months and three years.

Dabble Forayed into the US DFS Market
In October 2023, Dabble made a foray into the US daily fantasy sports market as it sought to replicate its Australian success in America. Earlier this year, Dabble expressed its desire to scale its US business and attract more players to its platform. This initiative saw the company bolster its offerings with new products, sweepstakes and additional sports.

The company, which is a fast-growing social betting operator in Australia and has previously secured backing from the likes of Tabcorp, recently achieved profitability and is now looking to double down on its growth.

Whereas Dabble a social sports betting operator in Australia, its American operations are focused on daily fantasy sports. This difference can be attributed to the United States’ complex regulatory landscape, which Dabble isn’t yet willing to navigate. Despite that, CEO Robins previously suggested that his company might be interested in offering other products.  

Despite the difference between Dabble’s US and Australian offerings, the company leverages the same customer-centered social features in both markets.

In addition to further growth in America, Dabble is also eyeing possible launches in the UK, Canada and Brazil.