Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce an update on its investment in Low6 Limited ( Low6 ), the company that has developed a next-generation sports betting platform, following a shareholder update received by Pires. Further to the announcement on 15 February 2021, Low6 extended its pre-IPO funding round to allow a well-respected figure in the worldwide gaming industry to invest in Low6 and join its advisory board post-IPO, which was completed as expected. As Low6 continues to experience significant user growth, the company is looking to appoint a new Chief Technology Officer that can scale the business and execute its 3-year technology roadmap.
Pires Investments hails ‘rapid progress’ of Low6 as provider searches for CTO
8th April 2021
| By Robert Fletcher
Pires Investments has praised the performance of Low6 since its most recent investment in the sports betting platform provider, also revealing that the business is seeking to appoint a new chief technology officer to lead its future growth strategy.
Alternative Investment Market (AIM)-listed investor Pires in December subscribed for 6,667 ordinary shares in Low6 at an overall consideration of £200,010 (€231,783/$275,340).
Low6 in February then set out plans to commence an initial public offering (IPO) in the second quarter of this year, following the fundraising drive with Pires.