Funcom will list in the Oslo Stock Exchange
Funcom has announced that has applied to list in the Oslo Stock Exchange in the near future. Here you have the press release:
Funcom, Europe’s largest developer of subscription-based Massively Multiplayer Online games (MMO’s), has applied for public listing on the Oslo Stock Exchange (OSE). The company’s Board of Directors has informed the OSE of their intent to list the company in the near future. The listing is subject to market conditions and final approval from the OSE.
”There is a considerable market potential for MMO’s, and Funcom is a world leader in both technology and quality within the segment,” said Torleif Ahlsand, Chairman of the Board of Directors in Funcom. “The listing and subsequent issue will strengthen Funcom’s financial position, its flexibility and enables the company to further strengthen its product pipeline, as well as pursue attractive investment opportunities in the years to come.”
“An application for a stock exchange listing is a natural next step for Funcom and demonstrates the maturity of our company” said Trond Arne Aas, CEO of Funcom. “Access to a regulated and efficient market will enable us to pursue our strategy of becoming a global leader in subscription-based online gaming, and increases Funcom’s strategic opportunities.”
Funcom has grown to become internationally recognized for its expertise in developing compelling online games. Over the last few years the company has gained a unique experience in operating and developing MMO’s. More than one million players are now registered in the Funcom community. Funcom is currently developing three MMO’s, including the award-winning ‘Age of Conan – Hyborian Adventures’ and ‘Anarchy Online’. The company’s listing at the stock exchange combined with a cost efficient and experienced organization will further improve Funcom’s overall opportunities in the global marketplace.