Despite the cautious investor environment, the listing was well received, reflecting the strong prospects of the gaming industry and Winking Studios’ solid track record as a service provider for major gaming companies, including EA, Ubisoft and Tencent. Winking Studios’ successful listing in Singapore also highlighted its attractiveness to international investors. The company is 55% owned by Acer Gaming, the e-sports arm of Taiwan-based computer manufacturer Acer, which has provided significant financial and operational backing. Acer chairman, Jason Chen Chun-Shen, played a cornerstone role in Winking Studios’ Catalist listing, subscribing to a large portion of shares.
Winking Studios, a leading game art outsourcing and development firm, is leveraging its successful listing on the Catalist board of the Singapore Exchange (SGX:S68
) (SGX) to prepare for a dual listing on the London Stock Exchange’s (LSE) Alternative Investment Market (AIM). This strategy aims to enhance the company’s global presence, especially in Europe and the US, where demand for high-quality game development and art services is increasing.
Winking Studios’ listing on SGX is one of the few successful IPOs in the past few years. The company went public in November 2023 at a placement price of 20 cents per share, raising about $8 million.
