The game developer for mobile devices Firebyte Games will list on the AeRO Market BVB MTS on April 6th


Bucharest Stock Exchange (BVB) informs that on Tuesday, April 6th, the shares of the mobile game developer Firebyte Games will enter trading on the AeRO market within BVB's Multilateral Trading System (MTS). Firebyte Games shares will be traded under the FRB symbol (ISIN - ROAYEN5H8FS2).

The debut to trading will be marked by the official opening of the trading session, which will take place on April 6th, starting with 10:00 and can be watched live on the social media channels of Bucharest Stock Exchange (Facebook and YouTube).

In February 2021, Firebyte Games carried out a private placement through which it attracted RON 4.9mn from investors on the capital market, money that will be used in approximately equal proportions, to expand the development activity for the business line “revenue- share” and for the development of Casual games for mobile devices, to be published later in own regime.

The private placement was early closed even from the first day, given that there was an over-subscription rate of almost 366%. The company sold to investors 8.8 million shares, at a price of RON 0.56/ share. Thus, Firebyte Games got an anticipated market capitalization of RON 19.7mn (EUR 4mn).

Firebyte Games has a share capital of RON 3.5mn, divided into 35.2 million shares, with a nominal value of RON 0.1/ share.

At the beginning of March, Firebyte Games had 155 shareholders. The largest shareholders of the company are SSIF BRK Financial Group (47.89%), SAI Broker (15.02%) and Adrian Andrici (12.08%).

BRK Financial Group assisted the private placement and, at the same time, the listing of the company on the AeRO market, as Authorized Consultant. BRK Financial Group will continue to assist Firebyte Games for the next 12 months, after listing, to meet investor reporting and information requirements.

More information is available in the Memorandum prepared for admission to trading and published on the BVB website, at this LINK.