MAG Interactive valued at $137 million after IPO
The capitalization of the Swedish mobile developer MAG Interactive according to the results of the IPO amounted to $ 137 million. MAG Interactive began the procedure of entering the stock exchange last week.
The company has put up for auction 4.5 million new shares, which will generate approximately $23.5 million in gross revenue and $21.6 million in net revenue.
Didner companies became the key shareholders of MAG & Gerge Fonder, Handelsbanken Fonder, RAM ONE, Chalex and Swedbank Robur Fonder. They bought $27 million worth of shares and collectively own 20% of all studio securities.
As previously reported, MAG Interactive intended to raise the IPO to $68 million.
According to the company’s management, MAG Interactive will direct the proceeds to further development.
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