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MAG Interactive to begin public trading on December 8th

IPO begins today

MAG Interactive to begin public trading on December 8th

MAG Interactive has cemented its plans to IPO with its first day of public trading on Nasdaq First North Premier set for December 8th 2017.

Its initial share price has been finalised at 44 SEK ($5.28) with a total of 11,345,461 shares available. 4,545,454 of these shares are new, while the remaining 6,800,007 will be offered by existing shareholders.

Should the IPO be over-subscribed, MAG will offer up an additional 1,701,819 in existing shares. If every share is purchased, the developer will raise around 574 million SEK $68 million from its IPO.

The IPO begins today, November 28th 2017, and will conclude for the general public on December 6th and for institutional investors on December 7th. MAG will then begin trading on December 8th under the symbol MAGI.

Exhilarating journey

"It has been an exhilarating journey since the launch of Ruzzle in 2012. We are fortunate to have some astonishing, ambitious, hard-working and driven people in this Company. Together we have come far, but we are nowhere near done," said MAG Interactive CEO Daniel Hasselberg.

"We are still at the beginning of our journey with the listing being an important milestone, and an important step for us as a company. In addition to diversifying the ownership structure, the listing will contribute to awareness about MAG Interactive, something we are convinced will be beneficial for our growth journey ahead."

MAG announced its IPO on November 20th. The details of its initial offering have not changed since the plans were revealed.


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Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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