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WinkingStudios
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IPO
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Joelton
Supreme |
21-Nov-2023 13:17
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Winking Studios closes at S$0.21 on Catalist debut, 5% above IPO price
SHARES of gaming-related company Winking Studios closed at S$0.21 on their trading debut on Monday (Nov 20). This is 5 per cent above the counter&rsquo s initial public offering (IPO) price of S$0.20 per share.
The counter kicked off trading at S$0.205 per share on the Singapore Exchange&rsquo s (SGX) Catalist board.
At 10.14 am, the share price stood at S$0.215, or 7.5 per cent above its IPO price, with 1.1 million securities traded.
By market close, around 1.7 million shares had changed hands.
The company outsources art and provides game development services for the video games&rsquo industry across platforms such as console, PC, online and hand-held content.
It primarily operates in Taiwan and China, where it has seven studios, with operations supported by Winking Studios&rsquo office and team at its Singapore headquarters.
The company is majority-owned by Acer Gaming, the gaming arm of Taiwan-listed electronics company Acer.
Winking&rsquo s chief executive and executive chairman Johnny Jan said the counter is the first gaming-related company to list on the SGX.
&ldquo Our group&rsquo s proven capabilities over the last 25 years have enabled our growth to become one of Asia&rsquo s largest game art outsourcing studios and an established game development company,&rdquo said Jan.
&ldquo We are committed to continue sharpening our competitive edge to meet the changing demands of the art outsourcing and gaming industry and to deliver positive returns to our investors.&rdquo
Winking on Nov 17 announced that its IPO had closed with 40 million of its new shares fully subscribed, of which 27.2 million were placement shares.
Acer Gaming and Acer&rsquo s chairman and chief executive Jason Chen subscribed for the remaining 12.8 million shares through a cornerstone investment.
Winking intends to use its net proceeds of about S$5.1 million from the IPO to expand its operations globally, including through acquisitions and strategic alliances.
&ldquo This listing represents a pivotal moment in Winking Studios&rsquo journey as it positions itself to expand into overseas markets,&rdquo said Matthew Song, SGX&rsquo s head of capital markets, global sales and origination.
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bechaotic
Member |
21-Nov-2023 10:54
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Not making money. I will avoid. | ||
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SmallSmall
Supreme |
21-Nov-2023 10:37
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Engine starting
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SmallSmall
Supreme |
21-Nov-2023 10:03
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Only IPO to be above water this year. Need more volume to initiate a play. Watchlist for potential plays |
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SmallSmall
Supreme |
20-Nov-2023 10:42
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Name of Placee Number of Placement Shares Circumstances giving rise to the allotment Asdew Acquisitions Pte Ltd 2,000,000 Allotted under the Placement Mr. Lee, Wei-Hsun 1,835,000 Allotted under the Placement Separately, but concurrent with the Placement, the following persons have subscribed for and have been allotted the Cornerstone Shares and total proceeds for the Cornerstone Shares amounting to S$2.56 million have been received. Name of Cornerstone Investor Number of Cornerstone Shares Circumstances giving rise to the allotment Acer Gaming Inc. 10,800,000 Allotted under the Cornerstone Tranche Mr. Jason Chen 2,000,000 Allotted under the Cornerstone Tranche |
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SmallSmall
Supreme |
20-Nov-2023 10:02
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This one may chiong later. This company got some substance
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SmallSmall
Supreme |
20-Nov-2023 09:06
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Acer-backed Winking Studios IPO fully subscribedPublished Fri, Nov 17, 2023 · 6:46 pm
Winking&rsquo s chairman and CEO Johnny Jan believes that the game art outsourcing studio' s status as a Singapore-listed company will elevate its profile on the world stage.
THE initial public offering (IPO) of gaming-related company Winking Studios closed with 40 million of its new shares fully subscribed for S$0.20 a piece. Total valid applications for the company&rsquo s placement shares amounted to 27.2 million, with application monies received amounting to S$5.4 million, it said on Friday (Nov 17). The remaining 12.8 million shares were subscribed by Acer Gaming and Acer&rsquo s chairman and chief executive officer Jason Chen, through a cornerstone investment. Acer Gaming is Winking&rsquo s majority shareholder, and the gaming arm of Taiwan-listed electronics company Acer. Chen is also the majority shareholder of Acer Gaming. The counter is expected to start trading at 9 am on Monday, on the Catalist board of the Singapore Exchange (SGX). Winking&rsquo s chairman and CEO Johnny Jan said: &ldquo We believe our status as a Singapore-listed company elevates our profile on the world stage, enhances our brand equity and provides us greater leverage to expand our geographical footprint and seize a larger market share.&rdquo The company expects to use net proceeds &ndash of approximately S$5.1 million &ndash to establish overseas subsidiaries and offices in Asia, and increase its business development and marketing efforts in the United States and Europe.
It also intends to pursue strategic acquisitions, joint ventures and strategic alliances as well as explore the use of artificial intelligence to complement and/or expand its art-outsourcing capabilities. Winking said it is Asia&rsquo s third-largest and the world&rsquo s fourth-largest game art outsourcing studio. The company counts 19 of the world&rsquo s 25 largest game developers &ndash including China&rsquo s Tencent and NetEase, South Korea&rsquo s NCSoft, Japan&rsquo s Square Enix, France&rsquo s Ubisoft and the United States&rsquo EA &ndash among its customers. It has also undertaken projects in major game titles such as miHoYo&rsquo s Genshin Impact, Maxis&rsquo The Sims 4 and Activision&rsquo s Call of Duty: Mobile. |
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