Winking Studios to Dual-List on AIM with Market Cap of 66.1m
Deal News | Nov 13, 2024 | CMS Law
Winking Studios, an established name in the art outsourcing and game development industry, is set to dual-list on the AIM market with an expected market capitalisation of 66.1 million. The listing is anticipated to be accompanied by a capital raising of 7.9 million. Headquartered in Singapore, Winking Studios operates across several Asian countries and is a significant player globally, ranking among the top five in its sector by revenue. The company is an indirect subsidiary of Acer Inc. Winking Studios's business model is categorized into three main segments: Art Outsourcing, Game Development, and Global Publishing and Other Services. Their extensive portfolio includes collaborations with renowned global gaming giants like EA and Ubisoft. CMS Law, led by a team including Alasdair Steele, is advising Winking Studios on this strategic move, which further underscores the company's expansive global reach and growth ambitions.
Sectors
- Video Game Development
- Financial Advisory
Geography
- Singapore – Headquarters of Winking Studios, reflecting their central operational base.
- United Kingdom – Location of the AIM market where Winking Studios plans to dual-list, indicating a significant expansion into European capital markets.
- Asia – Region where Winking Studios operates extensively, including in Taiwan, Mainland China, and Malaysia.
Industry
- Video Game Development – Winking Studios is a major player in the global video game development and art outsourcing industry, providing comprehensive services to leading game developers.
- Financial Advisory – CMS Law is providing legal and advisory services for Winking Studios' dual-listing on AIM, highlighting their role in corporate finance.
Financials
- 66.1m – Expected market capitalisation of Winking Studios on AIM.
- 7.9m – Capital raising planned in conjunction with the AIM listing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Winking Studios | Target Company | Company | A leading provider of art outsourcing and game development services, poised for dual-listing on AIM. |
| CMS Law | Legal Advisor | Company | Advising Winking Studios on their admission to trading on AIM. |
| Acer Inc. | Parent Company | Company | The Taiwanese multinational technology company, of which Winking Studios is an indirect subsidiary. |
| Alasdair Steele | Lead Advisor | Person | Leading the CMS Law team advising on Winking Studios' dual-listing. |