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XLMedia begins trading on AIM after oversubscribed placing

21st March 2014 9:17 am GMT

Online gaming marketing firm XLMedia plc has begun trading on London’s Alternative Investment Market today following an oversubscribed placing which raised $69.5m (£41.8m).

The company said that the fundraising was “significantly oversubscribed” as it issued 67,026,152 new ordinary shares and 18,330,686 existing ordinary shares at the placing price of 49 pence per share.With 189,563,652 total shares at admission, this gives the company a market capitalisation of approximately $154.5m (£92.9m) at the placing [...]

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