The online poker software developer made its debut on the stock market after raising £56.2m, of which £26.1m will be used to eliminate debt and to facilitate growth. The rest was raised by Canaccord Adams on behalf of selling shareholders.
“We are pleased with the strong investor response to our flotation which will not only raise our corporate profile but enable Excapsa to maintain its total commitment to client service excellence and value creation while retaining and attracting the quality people who have helped us to build the business that we have today. We look forward to the next stage of rapid and successful growth,” commented Jim Ryan, Chief Executive of Excapsa.
The shares climbed over 5 percent in early trading, giving the Canadian company a market capitalization of as much as £226 million.
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