The Finnish mobile studio Nitro Games has generated $3.1 million by selling 500 thousand new shares.
The company will invest the proceeds in publishing its own games.
The largest buyer of Nitro Games securities was the Swedish investment fund Swedbank Robur Ny Teknik. He acquired a 9.66% stake in the studio for $1.4 million.
Calgus, Feat Invest AB, Johan Biehl and Savox Investments also became investors.
“This capital will help us develop our new Medals of War game and release new titles to the market,” said Jussi Tähtinen, CEO of Nitro Games.
Nitro Games held an IPO in June of this year.
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