The Dust sets max. share price

NewConnect-bound video game developer The Dust has set the maximum share price at PLN 12 apiece. The company will sell 220,000 new and existing shares with the IPO planned for Q4. “Thanks to the issue of new shares, we intend to raise ca. PLN 1.7 million, which will enable us to implement a strategy based on the development of our own Free 2 Play games, which will ensure continued dynamic growth over the long term,” said CEO Jakub Wolff. In H1, The Dust had PLN 625k in revenue, and PLN 399k net profit, up from PLN 73k in the whole 2016.