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Gfinity listed on Aim with cap of £13.2m

eSports company plans to build 500 seat arena in London

UK eSports company Gfinity has floated on Aim, the small business section of the London Stock Exchange, with a market value of £13.2 million. The company raised £3.5 million at 17p a share.

Growth in the business continues apace, with the 270,000 registered userbase growing by 30,000 a month. Gfinity plans to use the raised funding to increase its prize fund, but also to build London's first dedicated eSports arena, seating 500 people.

"The listing will not only enhance our credibility and profile but enable us to capitalise on the growth in eSports," said founder Neville Upton.

Gfinity has also been attracting top drawer industry talent. Ex-Nintendo UK MD David Yarnton joined the board earlier this year.

Full disclosure: Gfinity has previously worked with parent company Gamer Network at its EGX London events.

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