Embracer Group, a Swedish video game holding company, has raised $182 million in a share issue. The company plans to use the proceeds for future acquisitions and investments.
Over the years, Embracer Group has been actively acquiring studios like Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal. Embracer Group, Swedish video game holding company, now own more than 76 internal studios and have a portfolio of over 200 games.
The $182 million share issue reflects Embracer Group’s ongoing pursuit of growth. They aim to expand into new markets and acquire additional studios. It will be interesting to observe how the company utilizes the funds raised.
Here are some additional details about the share issue:
- The issue was oversubscribed, with investors placing orders for more shares than were available.
- The shares were priced at SEK 105 each, a 10% discount to the company’s closing price on the Stockholm Stock Exchange on the day of the issue.
- The issue will increase Embracer Group’s share capital by 10%.
The share issue is a vote of confidence in Embracer Group’s future prospects. The company is well-positioned to continue its growth in the years to come.
