Shares in Winking Studios closed at 21 cents apiece on its first day of trading, slightly higher than its opening price of 20.5 cents.
The closing price represents a 5% premium to the company’s initial public offering (IPO) price of 20 cents per share.
Winking Studios is an art outsourcing and game development studio that has over 25 years of experience. It is the third largest such studio in Asia and the fourth largest in the world, based on global revenue derived from game art outsourcing in 2022.
“Winking Studios is honoured to be the first gaming-related company to successfully list on Singapore Exchange S68 (SGX) Securities. Our group’s proven capabilities over the last 25 years have enabled our growth to become one of Asia's largest game art outsourcing studios and an established game development company,” says Johnny Jan, executive chairman and CEO of Winking Studios.
“With the IPO proceeds, we intend to expand our operations globally, including through acquisitions and strategic alliances. We are committed to continue sharpening our competitive edge to meet the changing demands of the art outsourcing and gaming industry and to deliver positive returns to our investors,” he adds.
“We warmly welcome Winking Studios to the SGX family. This listing represents a pivotal moment in Winking Studios’ journey as it positions itself to expand into overseas markets. As Asia’s most international exchange, SGX is the ideal platform to support Winking Studio’s strategic growth ambitions and we are confident the listing will contribute to the continued development of the global gaming industry. Congratulations to Winking Studios,” says Matthew Song, head of capital markets, global sales and origination at SGX Group.
