Mobile games specialist Zattikka has begun dealings on AIM and raised £12.6 million in the process.

Mobile games specialist Zattikka has begun dealings on AIM and raised £12.6 million in the process.

The business, which provides games for platforms such as web browsers, mobile phones and social media, has raised the capital through broker Canaccord Genuity at a price of 100p a share. Its market cap stands at £22 million.

The company is being led by a team of media and technology heavyweights including film legend and chairman Harald Ludwig, the co-chairman of film giant Lions Gate Entertainment, and chief executive Mark Opzoomer, a former managing director at Yahoo! Europe.

Coming to the market at a time when there has been considerable fascination with the small gaming sector as the hefty margins available for producing content such as Angry Birds becomes well known to The City, the company is likely to attract considerable attention when it makes its AIM debut.

Mark Opzoomer, CEO of Zattikka, comments, ‘We are delighted to list on AIM to provide the capital base and incentivise the entrepreneurs joining our group.  

‘We begin with a strong group of companies with operations in key gaming centres in the USA, China and Europe, a mix of revenues across subscriptions, virtual goods and work for hire with an exceptional team of talent.  We have a great opportunity before us to accelerate the growth of this initial group across multi-platforms to create a world class games entertainment group.’