Krakow’s Starward Industries debuted on the small stock exchange. As in the case of Pyramid Games, you will have to wait for trading to start. The theoretical opening price (TKO) indicates an increase of over 550%.
At 11:30, trading in shares of the Krakow game producer should start. As in previous IPOs, the demand for Starward Industries shares turned out to be many times greater than the supply, resulting in trade balancing. At noon, the theoretical opening rate (TKO) signals an increase of over 550%. Let us recall that the reference price was set at PLN 41 – this is how much the company sold shares in the December issue. Today, investors are ready to pay nearly PLN 267 per share.
Starward Industries shareholders must be patient. If the scenario from the Pyramid Games debut is to be repeated (in its case the TKO was +400%), the Krakow studio should start trading in 3-4 days.
187,716 shares were introduced to trading on NewConnect, including 73,005 series H shares sold for PLN 41 in a public issue at the end of last year. The company obtained PLN 2.99 million from the offer, and the subscription reduction rate was 22 percent. In total, 10.18 percent was introduced to the market. share capital, which consists of series H shares (PRE-IPO issue) and series G. It is worth adding that investors in December last year. concluded lock-up agreements. Virtually all shares issued before the public offering are subject to a market restriction. The first shares (series E and G) will be released from the lock-up 6 months after their admission to trading.
The company is currently working on a game based on a book by Stanisław Lem. The atompunk-style game is developed on the Unreal Engine 4 and will be released on current and future-generation consoles, as well as personal computers. In July, the company completed its seventh milestone. The premiere is planned for 2021, the year of the hundredth anniversary of Stanisław Lem’s birth. The company estimates that in a year from the premiere, 500-700 thousand. copies of the game.
Starward Industries is an independent studio creating Premium Indie video games. The originator of the company, president and head of the first project is Marek Markuszewski – in the past, incl. senior producer at CD Projekt Red and co-founder of the company’s Krakow branch. The production team consists of very experienced creators who played an important role in the productions of such companies as CD Projekt RED, Reality Pump, Bloober Team or Techland.
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