Sumo Group Plc (AIM:SUMO) Games co raises £78M for IPO on to AIM

Sumo Group plc, one of the UK’s largest providers of creative and development services to the video games and entertainment industries, is pleased to announce that Admission will occur, and dealings in its Ordinary Shares will commence, at 8.00am today, 21 December 2017.

Dealings in the Ordinary Shares will commence under the ticker “SUMO” and the ISIN number is GB00BD3HV384.

Upon Admission, the Company will have a market capitalisation of £145 million, following a successful £78.15 million total fundraise. The fundraise raised c.£38.45 million for the Company and c.£39.70 million for the selling shareholders, both at 100p per Ordinary Share. The fundraise received strong demand from blue chip institutional investors.

Carl Cavers, Founder of Sumo Digital and CEO of the Company, said:

“Admission to AIM this morning marks a major milestone in our journey. We have always strived for excellence within the business and our aim is to deliver the same level of excellence to the Company’s investors, creating value in this exciting, fast growing industry. As we enter this new stage in our growth and development, I would like to thank everyone who helped Sumo Group plc achieve a successful flotation today, especially our talented people, who are the backbone and ingenuity behind this business.”

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