Shares in B2B mobile gaming platform provider Nektan fell by more than 7 per cent in its first day of trading as a listed company in London yesterday.

Gibraltar-based Nektan had raised £4.1m through a placing of 21,228,187 new shares last month, valuing the company at approximately £50.1m.

“We are delighted with the investor response to the placing which recognises Nektan's wholly owned technology platform and B2B growth opportunities in the US and in Europe for mobile gaming,” said Gary Shaw, executive chairman and CEO of Nektan. 

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