EG7: Share Issue, Q1 Forecast and Raised Valuation
Research Note
2020-04-22
13:25
EG7: Share Issue, Q1 Forecast and Raised Valuation EG7 has successfully raised approximately SEK 119m in a directed share issue. The capital will be used for further game development, publishing deals, and likely more acquisitions. We view the capital raise as a positive sign, and it’s especially impressive to be able to settle this in the volatile market environment we are in. We also present our updated estimates for Q1 and raise our Base-case valuation.
Kristoffer Lindström
Tomas Otterbeck
Disclosures and disclaimers