DUBLIN-based tech firm Keywords Studios is expected to raise more than €30m when it floats on the stock market on Friday.

The company, which provides translation services and other localisation operations for the computer games industry, will place shares equal to about 56pc of ownership of the company on London’s Alternative Investment Market (AIM), giving the company a market capitalisation of £49.7m (€57m).

The offering, which is being run by Numis Securities, will see shares worth about £28m (€31m), placed with institutional shareholders. That is much higher than the £12m that the company had originally hoped to raise. The stock is set to be priced at £1.23 (€1.43) per share. More.

See: Independent.ie

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