Independent video game publisher and developer Team17 is now trading on the stock market in the United Kingdom.
At the time of writing, Team17 shares are trading at 218.25p a piece. The IPO has made the company worth approximately £217 million in market capitalization.
· The Company’s market capitalisation on Admission, based on the Issue Price, is approximately £217 million.
· The Directors believe that the IPO will enable the Company to continue to invest in its future expansion, retain its independence, enhance its profile and provide the ability to incentivise current and future employees.
· On Admission, the Company will have 131,288,276 Ordinary Shares in issue.
· Team17’s TIDM Code is TM17 and its ISIN number is GB00BYVX2X20.
Debbie Bestwick MBE, Chief Executive Officer of Team17, commented:
“We are delighted to have received such strong support from investors. Our listing on AIM represents a major endorsement of both our business and our people and we believe that our quoted status provides an ideal platform from which to accelerate our growth ambitions.
“We have established a truly exceptional team and our vast expertise within the gaming sector has enabled us to create a market-leading offering. We are excited by the benefits of being a quoted company and we look forward to further developing our business over the coming years.”