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Zattikka, a London-based maker of browser and mobile games, has gone public on the London Stock Exchange.
The company is a social game developer that is making a Monty Python game in collaboration with the Ministry of Silly Games. Zattikka listed with a price of $1.58 a share and a market capitalization of $34.8 million. It is trading under the ticker code ZATT. Proceeds from the public offering will be $20 million.
The company said it is acquiring three game studios with the money. The deals include the acquisition of soccer management game specialist Hattrick Holdings, casual gaming studio Sneaky Games, and art and design house Concept Art House. Zattikka now plans to expand its publishing operations and offer a wider range of games on digital platforms in Europe, the U.S. and China. It also plans more acquisitions.
Mark Opzoomer, CEO of Zattikka, told Gamasutra, “We are delighted to list on AIM to provide the capital base and incentivise the entrepreneurs joining our group.”
He added, “We begin with a strong group of companies with operations in key gaming centres in the USA, China and Europe, a mix of revenues across subscriptions, virtual goods and work for hire with an exceptional team of talent. We have a great opportunity before us to accelerate the growth of this initial group across multi-platforms to create a world class games entertainment group.”
Zattikka previously raised $5.5 million in a venture capital funding in 2010. Notion Capital led that round and it was joined by individual angels including Harald Ludwig, co-chair of Lionsgate Entertainment. The company was founded in 2009 by Opzoomer and Tim Chaney, two former Virgin Games executives.