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Mighty Kingdom heads to ASX after $18m raise

Simon Evans
Simon EvansSenior reporter
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Games developer Mighty Kingdom has raised $18 million in a float and will list on the ASX on Wednesday as it aims to snare a small slice of a global gaming market which has expanded significantly during the COVID-19 pandemic as people stayed indoors.

The company is chaired by former Australian Broadcasting Corporation managing director Michelle Guthrie and will have an indicative market capitalisation of $46 million at the issue price of 30¢ per share.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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    Original URL: https://www.afr.com/technology/mighty-kingdom-heads-to-asx-after-18m-raise-20210420-p57knf