One of the most creative developers of next-generation online slots Fantasma Games is happy to announce that its initial public offering (IPO) went more than well. Thanks to this, the forward-thinking gang secured a solid amount of funding ahead of the NASDAQ First North debut scheduled for March 23.
To be precise, the initial offer of SEK 21 million (£1.8 million) was significantly oversubscribed, eventually amounting to SEK 216 million (£18.2 million) and corresponding to an unexpected subscription ratio of 1,269 percent.
Fantasma will add 1,000 new shareholders, with 700,000 shares and 560,000 warrants of series TO1 issued. Approximately 68% of the offer was submitted by Fantasma’s board and management plus Mangold Fondkommisison AB, Pontus Lindwall, KL Capital AB, and Christian Rasmussen.
Björn Kjellsson, CEO Fantasma Games AB, said:
“We feel incredibly inspired by the great interest we have seen from investors in our listing issue where more than 4,000 investors have requested subscriptions.”
Founded in 2016, this Stockholm-based game studio joined the industry with a clear vision- to deliver an exceptional one-handed mobile gaming experience to the most demanding clientele.
With backgrounds from the most renowned companies from the burgeoning entertainment niche, the entire team has a deep understanding of how they want to influence the market.
To date…
…they entered strategic agreements with more than 150 operators, greenlighted to offer their top-class products in more than 50 countries.
In 2018, the studio penned the deal with Yggdrasil, becoming the third studio to join their thriving YGS Masters Program. The first games resulting from the agreement were introduced in 2019 using Yggdrasil’s proprietary promotional tools, BOOST®.
Other business associates include the likes of Microgaming, Leander, Solid Gaming, Big Time Gaming, QTech. In 2019, the studio became an esteemed partner of Relax Gaming, expanding its Silver Bullet program.
The most recent installment, Elemento, is equipped with winning clusters. They release elemental power, thus triggering a cascade and unleashing excellent winning potential.
Wind, Fire, Earth, and Water...
…are the elements of this game, all hosting its unique effect. If all their powers are initiated at the same time, a mode that brings extra spins is unlocked. During this mode, each win adds to an accumulative multiplier which is active while extra spins are on.
Would you like to take a closer look at Fantasma’s feature-filled Elemento slot? After you finish reading the article, let us know how you liked it in the comments section below!
Aside from this dynamic adventure…
… punters have the opportunity to spin the reels of Maze Escape Megaways and find their way out before the notorious Minotaur sends them to the other side of Styx. Shifting Maze Avalanche, Guidance of Athena and Minotaur Wild Feature are just some of the powerful components of this state-of-the-art game.
Speaking of rivers, you can also immerse yourself deep under the dark earth and see what the roaming souls are up to in Hades River of Souls. Wild Soul Multiplier, Skull of Charon, and solid volatility of 96.56% are the highlighting elements of this title.
Source:
"Fantasma closes oversubscribed IPO by 1,269 percent", Fantasma Games press release, March 22, 2021.