StarVR Begins Trading on Taiwan Emerging Stocks Board
StarVR seeks extra funding by listing on TPXe Emerging Stocks Board.
StarVR Corporation is the result of an ambitious joint venture between Swedish virtual reality (VR) content company Starbreeze and computer hardware manufacturer Acer. The aim was to create a company to provide solutions for professional and location-based VR markets. That company’s shares are now being traded on TPEX Emerging Stocks Board.
StarVR Corporation applied for and was approved for listing on the TPEx Emerging Stocks Board in Taiwan, listed under the Chinese name Hongxing Technology Co. The shares initially traded at between 69 and 96 Taiwanese Dollars per share.
The total number of shares issued in StarVR corporation is 48,218,000, or which 3.11% have been made available for trading. Starbreeze has not divested any shares in connection with the listing, while Acer divested 4.96% of its shares.
Acer invested $5 million (USD) in StarVR last year, increasing Acer’s interest in the company up to 67%, a figure which has now fallen thanks to its divestiture in regards to the listing. Starbreeze’s holding remains stable at 33%.
StarVR have been offering its VR solution to various location-based VR centres, including the PVRK in Dubai, where it is powering eight different VR experiences at the centre. StarVR are likely to use the money raised by the stock listing to continue development of the StarVR headset.
The team at StarVR have boasted of the StarVR headset’s capabilities, including the 210-degree field-of-view, eye-tracking, lightweight casing, backpack wireless options and 2nd generation Fresnal lens which the company say offers high definition images across the entire field of vision.
Acer have been involved in VR in other ways, releasing its Windows Mixed Reality headset in 2017 as one of the range of devices designed to work with Windows 10. Likewise, StarVR’s other major backer, Starbreeze, were involved in the creation od successful VR videogame PayDay 2 VR.
For further news on StarVR and other developments in the VR industry, keep checking back with VRFocus.