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iDreamSky Completes Share Placement to Fund Global Expansion of ‘Strinova’

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iDreamSky Completes Share Placement to Fund Global Expansion of ‘Strinova’

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The latest update is out from iDreamSky Technology Holdings Limited ( (HK:1119) ).

iDreamSky Technology Holdings Limited has completed the placement of new shares, raising approximately HK$72.18 million, with net proceeds of about HK$70.19 million. The funds will be used to support the development and global promotion of their game ‘Strinova’, aiming to accelerate its global launch and drive new revenue and profit growth.

More about iDreamSky Technology Holdings Limited

iDreamSky Technology Holdings Limited is a company involved in the technology and gaming industry, focusing on the development and distribution of games. The company is known for its self-developed anime competitive shooting game ‘Strinova’ and is working on expanding its global multi-platform presence.

Average Trading Volume: 17,281,899

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.25B

Find detailed analytics on 1119 stock on TipRanks’ Stock Analysis page.

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