Australian studio has an implied market capitalisation of $46 million
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Mobile developer Mighty Kingdom has filed an Initial Public Offering on the Australian Securities Exchange.
The studio successfully raised $18 million at $0.30 per share, and public trading began April 21. At this IPO price, Mighty Kingdom predicts a market capitalisation of $46 million.
This filing followed a $4 million pre-initial public offering launched back in December 2020.
With this new capital, Mighty Kingdom aims to develop original IP and attract new talent to its 110-strong roster.
Mighty Kingdom has released more than 50 since its formation in 2010. Notable releases from