Winking Studios raises £8 million in IPO in London

Winking Studios Ltd, a Singapore-based video game services company supported by Taiwan's Acer Inc, announced on Monday that it will begin trading on the AIM market in London this Thursday.

Winking Studios raises £8 million in IPO in London

The company reported raising £7.9 million through a share placement at 15 pence per share, valuing the firm at £66.1 million for its initial public offering (IPO) in London. SP Angel Corporate Finance LLP acted as the broker, while Strand Hanson Ltd served as the nominated adviser for the listing. Acer, which previously held a 62.6% stake in Winking, participated in the share placement alongside Winking's CEO Johnny Jan and CFO Oliver Yen. Post-IPO, Acer's ownership will increase to 64.2%, while Jan and Yen will hold 5.5% and 0.6% stakes, respectively.

Winking is already listed in Singapore

Winking is already listed on the Catalist board of the Singapore Stock Exchange, making its AIM IPO a dual listing. The company, which also operates in Taipei, Taiwan, and Nanjing, China, focuses on three core business divisions: Art Outsourcing, Game Development, and Global Publishing & Other Services.