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TMCNet: Zattikka raises $20.04 million through private placement

[April 17, 2012]

Zattikka raises $20.04 million through private placement

Apr 17, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Zattikka plc, a UK-based company focused on developing and publishing interactive games entertainment products for social networks, mobile devices and other internet connected devices, has raised GBP12.64 million through a placing of 12,637,433 shares at a price of GBP1 per share.


Simultaneously, Zattikka has completed a initial public offering (IPO) of 398,985 shares. Following the completion, Zattikka's shares has been listed on the London Stock Exchange under the symbol ZATT.

Canaccord Genuity Limited acted as sole book-runner on the placing. Buchanan Communications acted as PR advisor to Zattikka.

Deal Value (US$ Million) 20.04 Deal Type Private Placement Sub-Category None Deal Status Completed: 2012-04-16 Deal Participants Target (Company) Zattikka plc Deal Rationale Zattikka will use proceeds to fund the acquisition of three online games companies and for ongoing working capital.

Offer Price ($ per share) 1.59 No. Shares Issued 12637433

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