Funcom successfully listed on the Oslo Stock Exchange
Oslo, Norway – December 14, 2005 – Funcom, Europe’s largest developer of subscription-based Massively Multiplayer Online games (MMOs), has successfully listed on the Oslo Stock Exchange (OSE). Gaute Godager, one of the founders of Funcom and Game Director on the forthcoming “Age of Conan” Online Action RPG, had the honour of ringing the bell to mark the official start of the trading. The ticker for the company has been set as FUNCOM.
“This is an historical step for Funcom, and marks a new era for the company” said Torleif Ahlsand, Chairman of the Board of Directors in Funcom. “The stock exchange listing not only allows Funcom to release more titles, it enables the company to pursue its growth strategy.”
”The fact that we have been able to secure close to 30 million USD with the listing means that we can further improve the quality on all aspects of our forthcoming online games” said Trond Arne Aas, CEO of Funcom. “We are naturally thrilled about this recognition. The games market is set to further expand its growth, and with the listing Funcom can continue to deliver the needed quality to take part in this evolution.”
Funcom has grown to become internationally recognized for its expertise in developing compelling online games. Over the last few years the company has gained a unique experience in operating and developing MMOs. More than one million players are now registered in the Funcom community. Funcom is currently developing three MMOs, including the award-winning ‘Age of Conan – Hyborian Adventures’ and ‘Anarchy Online’. The company’s listing on the stock exchange combined with a cost efficient and experienced organization will further improve Funcom’s overall opportunities in the global marketplace.
ABOUT FUNCOM - Funcom is an independent developer and publisher of online games for PC, consoles and mobile platforms. Funcom has provided outstanding entertainment since 1993 and continues to expand its track-record of 24 released games to date. Recent successes include ‘The Longest Journey’ and ‘Anarchy Online’.