London Stock Exchange welcomes Codemasters Group Holdings PLC
London Stock Exchange today welcomes Codemasters Group Holdings plc, a video game developer and publisher specialising in high quality racing games, onto the AIM market.
The Warwickshire-based company is one of the most recognised British game developers with a 30 year track record of producing successful titles. The placing with institutional investors raised £185 million through a placing at 200p, giving the Company a market capitalisation of approximately £280 million on Admission.
Codemasters has developed innovative video games across a wide variety of different game genres and platforms. The company has c.500 employees across three sites in the UK and one in Malaysia.
Frank Sagnier, CEO Codemasters, said:
"Joining AIM will enable the Company to consolidate our leadership and expand our reach in the racing category. It will allow us to attract and retain employees, further engage consumers with high quality games and services, and consider potential strategic acquisitions.
"I would like to thank our talented and passionate employees for their dedication and Reliance Entertainment for their continued support. We welcome our new shareholders and look forward to many years of continued growth."