Immotion admitted to AIM – £5.75m raised

WHIreland are proud to have acted as Nomad and Joint Broker to Immotion Group plc (“Immotion”), who were admitted to AIM on 12 July with a market capitalisation of £19.54m.

This is an exciting time for the immersive virtual reality business, who plan to use the funds to implement their strategy of becoming a leading participant in the ‘out of home’ virtual reality experience market.  According to the Greenlight Insights Q1 2018 Report, this market is forecast to grow eight-fold to $8bn by 2022.

Martin Higginson, CEO of Immotion, said “When we decided to list Immotion Group on the AIM market, WHIreland was our first choice. The team were fantastic from start to finish, guiding us through the process with military precision. They all took time to understand the business and delivered an excellent piece of research. The research enabled the sales team to book almost 50 meetings, delivering substantial demand for the fund raise which ended up significantly oversubscribed. A great job –Thank you!”

Adam Pollock, Head of Corporate & Institutional Broking at WHIreland, commented “We were very excited to be instructed on the IPO of Immotion. This is a highly regarded management team operating in a technologically advanced medium with a unique offering. We see tremendous opportunity for Immotion going forward and much look forward to following their progress.”