Inspired Announces Successful IPO And Admission
Inspired Gaming Group has announced the successful IPO and Admission of its issued share capital to trading on the AIM market of the London stock Exchange. Trading commenced today under the ticker symbol INGG.
The placing, which was fully underwritten by Evolution Securities Limited, comprises a placing of 60,000,000 Ordinary shares at a placing price of 180p per share. The company will have an initial market capitalisation of approximately £115 million.
An AIM listing will enable Inspired Gaming Group to accelerate its lead in Server Based Gaming (SBG) and maximise this considerable growth opportunity by leveraging off its significant installed analogue games base.
Commenting on the Company’s admission to AIM, Russell Hoyle, executive chairman of Inspired Gaming Group, said: "An Admission to AIM in any circumstances would be an extremely positive step for the Company, but given the current market uncertainty we believe that today’s listing firmly underlines the exciting prospects ahead of Inspired Gaming Group. We have received very strong support from the investment community and look forward to developing our business both in the UK and internationally, thus consolidating our position as the leading provider of server based gaming."
