Sweden-based gaming software developer Boss Media reports that its filing of an IPO last month was a big success. Public and private investors in Sweden purchased all 1.8 million common shares (18 percent of total company shares) at 39 SKr. (approx. $4.60 USD) each.
The initial public offering resulted in 65 million SKr. ($7.65 million USD) in net proceeds to the company. Its stock is scheduled to be listed on the Stockholm Stock Exchange's O-list for trading on June 24, 1999.
Boss Media provides Internet gaming enterprises with complete, turnkey casino solutions that include game software, a game server, a secure payment system, operational services, and
state-of-the-art web site design. Since its start in the spring of 1997, the company and its subsidiaries have expanded to include 50 employees in Vaxjo, Sweden and St. John's, Antigua.