Embracer Group taps video game hype with $900m share sale

Embracer_Group_alamy_575_375
By Aidan Gregory
18 Mar 2021

Embracer Group, the Swedish video games developer, has placed Skr7.6bn ($900m) of new shares with investors to finance its ongoing growth.

Launched after the market close in Stockholm on Wednesday evening, the placing consisted of 36m new shares, an 8.5% capital increase. At the Skr210 offer price, the transaction gave investors a 6.2% discount to the closing price of Embracer Group on the day.

The books were multiple ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial