Nasdaq First North has approved alternative Android game distribution channel Flexion Mobile to list for an initial public offering in Stockholm.
First day of trading in Flexion shares is set to commence on June 13th.
Flexion’s platform is a distributor for Android games, helping developers publish in up to 10 Android stores including the Amazon Appstore and Samsung’s Galaxy Apps store.
Its service provides regional distribution opportunities in fast-growing Southeast Asian and Middle East markets, alongside high value markets like Japan
“Today, is a big day in our company history,” said Flexion Mobile CEO Jens Lauritzson.
“It is a start of a new and exciting chapter as a public company and we are looking forward to continuing to serve an increasing number of game developers around the world”
Lauritzson recently spoke to us as the company prepared to launch its IPO after raising $10 million in preparation for its listing.
At the time, he said: “Becoming a public company is important since we want to cement our position as the first mover. Listing early before market expectations and valuations get high will allow our shareholders to capitalise on the increase in value when we grow.”