Virtual reality (VR) content creators Starbreeze have been approved by the Swedish Financial Supervisory Authority to begin trading on the Nasdaq Stockholm stock exchange.
Starbreeze have previously been involved with location-based VR centres, producing content for such centres and purchasing Location-based VR company Enterspace earlier this year. The board of Starbreeze believe that listing the company’s shares on Nasdaq Stockholm is an important part of the further development of the company.
“The up-list to Nasdaq Stockholm is an important milestone for Starbreeze and the result of a goal-oriented effort. Starbreeze has had an amazing journey since 2014 when we were listed on First North Premier. Having previously operated only as a game developer working with external game publishers, we now own our internal product development and run a succesful publishing business with externally developed games to broaden our portfolio. We’ve also expanded the business ventures in the Virtual Reality (VR) segment including the development of the StarVR head mounted display and by taking a stake in the location based VR market. Starbreeze is well-positioned for continued development towards becoming a leading provider of world-class experiences in the global entertainment industry,” says Starbreeze CEO Bo Klint Andersson.
The management of Starbreeze believe that this step will give Starbreeze better access to Swedish and international investors, and will raise the profile of the company around the world, creating a positive impact for Starbreeze customers, suppliers, partners and shareholders.
VRFocus will continue to report on further developments within the VR industry.