Light & Wonder shares surge 12.23% after-hours as Fine Capital Partners discloses 10.1% stake.

Light & Wonder surged 12.23% in after-hours trading, driven by strategic corporate expansion, a primary listing transition to the Australian Securities Exchange (ASX), and a significant stake acquisition by Fine Capital Partners. The company’s strategic shift to the ASX aims to enhance its gaming market presence, while Fine Capital’s 10.1% stake signals institutional confidence. Additionally, Light & Wonder maintained its 2025 financial guidance despite a quarterly revenue miss, with a strong EBIT margin of 24.8% and robust cash reserves underpinning investor optimism. These developments collectively reinforced positive sentiment, propelling the stock’s sharp after-hours increase.