tinyBuild commenced trading on the London Stock Exchange's AIM market on March 9, 2021, with a post-admission market capitalization of approximately £340.6 million.
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The company raised £28.6 million in net proceeds through a placement of 91.4 million shares at 169 pence per share to fund organic growth, strategic acquisitions, and IP expansion.
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Revenue demonstrated consistent growth prior to the IPO, rising from $11.9 million in 2017 to $18.5 million in the first half of 2020.
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The business model centers on a digital-first, 'own-IP' strategy and an 'acqui-hire' approach to development teams, supported by a pipeline of 23 titles for 2021–2022.
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Due to its Delaware incorporation, the company's shares are classified as 'restricted securities' under Regulation S Category 3, prohibiting sales to U.S. persons or within the United States without registration or exemption.
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Operational risks include a reliance on third-party distribution platforms, the complexities of managing a global workforce, and revenue concentration within a small number of titles.
Insights
01
tinyBuild commenced trading on the London Stock Exchange's AIM market on March 9, 2021, with a post-admission market capitalization of approximately £340.6 million.
02
The company raised £28.6 million in net proceeds through a placement of 91.4 million shares at 169 pence per share to fund organic growth, strategic acquisitions, and IP expansion.
03
Revenue demonstrated consistent growth prior to the IPO, rising from $11.9 million in 2017 to $18.5 million in the first half of 2020.
04
The business model centers on a digital-first, 'own-IP' strategy and an 'acqui-hire' approach to development teams, supported by a pipeline of 23 titles for 2021–2022.
05
Due to its Delaware incorporation, the company's shares are classified as 'restricted securities' under Regulation S Category 3, prohibiting sales to U.S. persons or within the United States without registration or exemption.
06
Operational risks include a reliance on third-party distribution platforms, the complexities of managing a global workforce, and revenue concentration within a small number of titles.