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Winking Studios
Strand Hanson advises Winking Studios on its £66m dual listing on AIM
£66m
Background
Through its Art Outsourcing Services segment, the Group develops art, animation and visual effects including characters, environments, props and effects for some of the worlds largest game developers. Through its Game Development segment, the Group delivers development services from concept to programming and script writing to post-release support and maintenance.
Our role
Strand Hanson is delighted to have advised Winking Studios Limited on its dual-listing on AIM. Winking was founded in 2004 and is headquartered in Singapore, where it is listed on the Catalist board of the Singapore Exchange. The Company has nine studios across Asia and is ranked third in the region and fourth in the world in terms of global revenue in the game art outsourcing market.
In conjunction with admission to AIM, the Company raised £7.9 million and was supported by majority shareholder Acer Group. The funds raised will supplement the Group's available cash resources to pursue strategic acquisitions in Asia & Europe and establish a stronger presence in both the North American & European markets.
Strand Hanson acted as Financial and Nominated Adviser for the IPO and the team was led by James Harris and James Bellman with the support of Robert Collins and Edward Foulkes.
Johnny Jan, CEO & of Winking Studios:
“Our successful dual listing on AIM marks a significant milestone for Winking and provides us with access to a deeper pool of technology investors as well as a strong platform to fulfil our growth strategy. It was a pleasure to work with the Strand Hanson team throughout the process. They were excellent at managing the transaction, and I am delighted to have them on board as our Nominated Advisor.”
James Harris, Head of Corporate at Strand Hanson:
“We are delighted to have worked with Johnny and his team on the dual-listing of Winking. This marks Strand Hanson’s second successful dual-listing on AIM in Q4 2024 and demonstrates that the market remains open for the right story. Congratulations to everyone involved, and we look forward to supporting Winking Studios going forward.”