LONDON (Alliance News) - Picklive Holdings PLC Monday said it plans to raise GBP5 million in an initial public offering on London's secondary market, AIM, in early December.
The real-money online games developer plans to use the funds to raise its profile to allow for more partnerships and to finance its marketing plans.
Picklive's current partners include Sportech PLC, and it has launched its platform in the UK and US.
Picklive said it plans to expand to India and other territories and has developed a soccer, American football and baseball game. It also intends to launch other games including cricket, ice hockey and basketball.
ZAI Corporate Finance Ltd. is acting as the company's adviser and broker.
By Ian Edmondson
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