Online bingo and games operator Stride Gaming has confirmed that it has hit its London AIM flotation target, having amassed a total capital of £11.2 million.
Stride Gaming the operating firm of igaming brands Kitty Bingo, Jackpot Café, Spin&Win and King Jackpot aims to use its float capital to increase its resources for organic growth and to fund potential acquisition opportunities within the UK igaming market.
Company Chief Executive Eitan Boyd 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.”
Stride Gaming London AIM float was chaired by former Sportingbet Plc CEO Nigel Payne, Stride Gaming began trading as an AIM listed company this morning with it shares listed at 132p at opening. Stride Gaming’s AIM IPO was advised by by announcing Cantor Fitzgerald Europe who acted as the firms nominated adviser