Wednesday, April 14

The Tech Company Play Magnus Today Been Admitted Trading

Play Magnus just recently raised NOK 452 million through a private placement, consisting of NOK 300 million in brand-new shares and around NOK 152 million to existing shareholders. The concern was substantially oversubscribed. “The shareholders have offered the company with NOK 300 million in fresh equity, which will be utilized for innovation development and more growth”, states the business.

” This is a milestone in the company’s history, and we are happy that lots of strong institutional financiers have decided to join the group. Now, we are ready to take the next step for the company, and a listing on Merkur Market will be crucial for the business’s capability to continue its strong growth”, says co-founder and chairman of the board of Play Magnus Group, Anders Brandt.

“The company’s distinct vision is to make chess readily available to brand-new target groups all over the world. In addition, our model will assist a lot more chess players and coaches to be able to earn a living from chess. The company has actually simply started on this journey and I eagerly anticipate belonging to it moving forward,” says Magnus Carlsen.

Play Magnus offers services where everybody can play, view, and discover chess. The group’s services consist of the Play Magnus App Suite, chess24, Chessable, and CoChess. In addition, in 2020 the group released a professional online chess tournament, the Magnus Carlsen Chess Trip.

“The market is growing, and to attain our ambitious goals, we must continue to invest. In the future, we will invest heavily in innovation development and we will not dismiss further acquisitions. We will build on the success of the Magnus Carlsen Chess Tour and more establish this to its full potential”, says Andreas Thome, CEO of Play Magnus.