London Stock Exchange welcomes Stride Gaming plc to AIM

London Stock Exchange welcomes Stride Gaming plc to AIM

Stride Gaming plc (AIM: STR), the multi-branded online bingo-led operator, is delighted to join AIM today having raised £11.2 million through the placing of 8,484,848 new ordinary shares at a price of 132 pence per share. On Admission Stride Gaming will have a market capital of £66.2 million.

Stride Gaming is a UK focused, real money, bingo-led online operator, using its proprietary and purchased software to provide online bingo and related gaming activities to players. Stride Gaming only operates in regulated markets, principally the UK. The Group operates a multi-branded strategy which includes the online bingo brands Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot Café, Jackpot Liner, King Jackpot, together with the online casino brands Spin and Win and Magical Vegas. 

Eitan Boyd, Chief Executive Officer of Stride Gaming commented:

"I am delighted that Stride Gaming has joined AIM having successfully raised £11.2 million of new funding and we welcome all of our new shareholders.  Our Admission to AIM will expedite the Company’s organic and acquisitive growth strategy and provide it with a fantastic platform to grow market share as part of our ambition to become the market leader in online bingo."

Cantor Fitzgerald Europe is acting as Nominated Adviser and Broker.