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GameAccount Network launches an IPO

Online gaming systems and software provider GameAccount Network has unveiled plans to float in an initial public offering (IPO) on London’s Alternative Investment Market (AIM).

In a statement, the company said that it intends to conduct a placing of new shares on the exchange in the hope of raising up to £15 million (€17.6 million/$24 million).

The firm did not disclose how many shares would be admitted or at what price they would be available to purchase.

Application will also be made to have the shares admitted to the Enterprise Securities Market of the Irish Stock Exchange.

The listing is expected to be completed by November 25.

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