Vivid Games to debut on WSE
13:56
Polish game developer Vivid Games is planning on moving from the NewConnect alternative market to the main floor of the Warsaw Stock Exchange by the end of 2015, the firm informed in a press release.
The debut on the WSE is going to take place by the end of the current year as the company "has met all the requirements to be listed on the WSE," and potential investors claim that the move from the NewConnect will "increase its liquidity and transparency," the firm's CEO Remigiusz Kościelny said.
Prior to the move, Vivid Games is going to issue shares earning from PLN 7 million to PLN 10 million. Institutional investors will be the target.
The company's revenues grew from PLN 8 million in 2013 to PLN 14.8 million in 2014. Vivid Games is Poland's largest mobile games developer. It was founded in 2006 in Bydgoszcz.
