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The Arcade is an Australian nonprofit company that houses indie game developers in designated workspaces in order to foster a creative community "using game methodologies and technologies". [1] They share property rent and are open to game testing each other's games to offer critique and support.
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges .
The company still exists, but Snowball Studios , the game development subsidiary, was dissolved in 2012 and former employees of the studios formed Snowbird Game Studios, and 1C Entertainment, the game publishing, localization, and development subsidiary, was acquired by Tencent and was renamed Fulqrum Games in 2022.
Gerkan, Marg & Partners (gmp) is an international architectural company based in Hamburg, Germany. [1] The company was founded in 1965 by Meinhard von Gerkan and Volkwin Marg , and now has more than 300 employees in 13 offices. [2] [3] In the same year the architectural practice took part in an international competition with an anonymus entry.
In 2009, the company spun off Shanda Games in the largest IPO with the ticker GAME [7] in the United States that year, [9] raising $1.04 billion. [10] [8] At the time, Shanda Games provided 77 percent of Shanda Interactive's revenue, although the company also continued to be active in online literature, video, and other forms of entertainment. [37]
The advantages of a direct public offering include: broader access to investment capital, the ability to raise capital from the company's own community (including non-wealthy investors), the ability to utilize stock to complete acquisitions and stock options to attract and retain employees, enhanced credibility and providing early investors with liquidity.
The IPO gained great interest, as it followed Zynga's $1 billion IPO in 2011 and Twitter's IPO earlier in the month. [10] King completed its IPO on 26 March 2014. Priced at $22.50 a share, the middle of its projected price range, the IPO valued the company at US$7.08 billion. About $500 million was raised through the sale of 22.2 million shares.
Greenshoe, or over-allotment clause, is the term commonly used to describe a special arrangement in a U.S. registered share offering, for example an initial public offering (IPO), which enables the investment bank representing the underwriters to support the share price after the offering without putting their own capital at risk. [1]