Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as Nominated Adviser and sole Broker on the IPO of Nektan plc (NKTN.L) raising £4.1m.
Nektan plc ("Nektan" or "the Group"), an international B2B mobile gaming platform provider was today successfully floated on the London Stock Exchange's AIM market following a successful placing by Panmure Gordon (UK) Limited, raising GBP4.1million via a placing. The Group will use the net proceeds to expand the Group's sales, business development and product development; provide sufficient working capital to support the operation of the 'Evolve' platform and mobile gaming channels; and provide headroom for further investment in product development to expand its mobile gaming site.
On joining AIM, Gary Shaw, Executive Chairman of Nektan, commented: "We are delighted with the investor response to the Placing which recognises Nektan's wholly owned technology platform and B2B growth opportunities in the US and in Europe for mobile gaming. Admission to AIM is a significant milestone in Nektan's development, and will assist in enhancing the Group's credibility within commercial discussions. The funds raised will in part be used to expand Nektan's mobile gaming suite and the Group is now well positioned to capture significant growth opportunities in the fastest growing segment in gaming."