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Tough start for Nektan as shares drop on London debut

4th November 2014 8:06 am GMT

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.

The company said that the funds raised will be used to expand the group's business development and product development; provide sufficient working capital to support the operation [...]

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