Online bingo company Stride Gaming has revealed that it has been able to raise £11.2 million (€15.6 million/$17.3 million) in additional funding.
As reported by iGaming Business, the firm revealed earlier this month that it had hoped to raise at least £10 million and float on London’s AIM.
Stride Gaming has now announced that it has surpassed its initial funding target and yesterday (Tuesday) commenced admissions and dealings in its ordinary shares on the AIM.
The company will make 50,151,513 ordinary shares immediately available, with shares having opened at 132 pence each.
Eitan Boyd, chief executive officer of Stride Gaming, said: “Our admission to AIM will expedite the company’s organic and acquisitive growth strategy and provide it with a fantastic platform to grab significant market share as a result of increased regulation.
“The listing will also enhance the group’s profile and brand awareness and will help facilitate our ambitions to become the market leader in online bingo.
“Stride Gaming is a profitable business run by a proven management team and we look forward to updating our new shareholders and other investors with our progress as a publicly listed company.”
source : www.igamingbusiness.com
