Leaf Mobile Inc., a prominent Canadian free-to-play mobile game group, is making waves with its monumental decision to join the Main Market of the London Stock Exchange ("LSE") this winter. This announcement is not just a mere advertisement but a strategic move to enhance its presence in the global gaming market. With a dual-listed structure, the Company will continue trading its common shares on the Toronto Stock Exchange ("TSX") and the OTC Markets Group’s OTCQB Marketplace in the United States.
Here are the key highlights of this exciting development:
- Gross Proceeds: LEAF Mobile Inc. aims to raise approximately CAD$10 million through this flotation, valuing the Company at around £130 million.
- Strategic Growth: This secondary London listing forms a pivotal part of LEAF’s growth strategy, aiming to leverage the burgeoning mobile gaming segment.
- Market Potential: Mobile games are projected to reach a staggering 2.6 billion players worldwide, generating revenues of USD$90 billion in 2021, making it a dominant force in the global gaming market.
- Industry Outlook: Notably, gaming accounted for 66% of all App Store revenue in 2020, solidifying its position as a revenue powerhouse within the mobile applications ecosystem.
- CEO’s Vision: Darcy Taylor, Founder and CEO of LEAF Mobile, envisions the next decade as a period of exponential growth for the mobile games market, particularly in the free-to-play segment.
Reasons for LSE Listing
The decision to list on the Main Market of the LSE is underpinned by several significant factors:
- Access to Investors: A London Stock Exchange listing widens LEAF’s investor base, allowing access to institutional investors in the U.K. and Europe.
- Enhanced Liquidity: This move is anticipated to boost share trading liquidity for the Company.
- European Base: Establishing a European operational hub in London will aid LEAF in future expansion plans through M&A activities and talent acquisition.
- Market Visibility: The U.K. capital markets’ reputation for gaming companies attracts international recognition, presenting a lucrative opportunity for LEAF Mobile Inc.
Company Highlights
LEAF Mobile Inc. boasts an impressive profile in the gaming industry:
- Inception: Founded in 2018, the Company aims to lead the free-to-play mobile game sector by leveraging distributed development strategies and proprietary Game Kit software.
- Acquisitions: LEAF’s subsidiaries LDRLY and East Side Games bring diversity to its gaming portfolio, engaging in the development and publishing of casual mobile games.
- Revenue Growth: Notably, the Company reported a 32.1% increase in revenue year to date as of Sept 30, 2021, showcasing a solid financial performance.
- Game Portfolio: LEAF Mobile operates an impressive 11-game portfolio, including hit franchise titles like Trailer Park Boys: Grea$y Money and RuPaul’s Drag Race Superstar.
Conclusion
As LEAF Mobile Inc. embarks on this transformative journey to list on the Main Market of the London Stock Exchange, the future looks promising for the Company and its stakeholders. With a laser focus on strategic growth, market dominance, and enhancing shareholder value, LEAF is set to carve a prominent niche for itself in the dynamic mobile gaming landscape. Stay tuned for more exciting developments from LEAF Mobile Inc. as it navigates the global gaming market with innovation and resilience.
