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Mighty Kingdom (ASX:MKL) share price falls on ASX entrance

The Mighty Kingdom Ltd (ASX: MKL) share price has deflated on its first day of trading on the ASX. We take a closer look at the company. ....

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Gaming outfit Mighty Kingdom completes $4m pre-IPO

Gaming outfit Mighty Kingdom completes $4m pre-IPO
December 21, 2020 3:30
Australia’s largest independent game studio, Mighty Kingdom, has completed its A$4 million pre-initial public offering (pre-IPO).
The announcement:
It received strong demand from institutional, family and sophisticated investors, resulting in a heavily over-subscribed offer, exceeding expectations.
Mighty Kingdom- Anthony Lawrence and Philip Mayes. (Photo Credit James Elsby).
Founded in Adelaide in 2010, Mighty Kingdom has grown to over 80 developers, with minimal outside investment. In the past decade it has released more than 20 games to more than 50 million players worldwide across multiple platforms.
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Mighty Kingdom Founder and CEO, Philip Mayes, said strong partnerships with some of the world’s largest brands such as LEGO, Disney and Sony have trusted the company with their brands and Mighty Kingdom has developed technical know-how to validate its game ....

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Ex-ABC boss Michelle Guthrie to chair games developer Mighty Kingdom

Ex-ABC boss Michelle Guthrie to chair games developer Mighty Kingdom
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Mighty Kingdom has completed a $4 million pre-IPO fund raising which chief operating officer Tony Lawrence said was heavily over-subscribed.
Former ABC managing director Michelle Guthrie will chair games developer Mighty Kingdom.
Dominic Lorrimer
Mr Lawrence said growth rates had risen during the pandemic as more people stayed at home and played a variety of games.
The company works on games for mobile phones, PC platforms and the popular console market where Microsoft Xbox, Sony PlayStation and Nintendo Switch are fierce rivals.
We ve seen very healthy growth in multi-player games in particular, Mr Lawrence said. ....

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