Sweden’s THQ Nordic nabs $223.4 million in share offering

02/22/2019 12:59:00 PM (GMT)

Swedish video game publisher THQ Nordic announced that it has nabbed 2.09 billion Swedish kronor ($223.4 million) in a share offering.

THQ Nordic offered 11 million new class B shares to a variety of investors.

Backers including First National AP Fund, Second National AP Fund and Odin Fonder, Swedbank Robur Fonder, TIN Fonder and Olsson Family and Foundation participated in the offering.

With the capital raised, THQ Nordic will fund new acquisitions of franchises, game development studios or other assets which complement the operations and enable a higher rate of investment as well.

THQ Nordic AB

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