SOZAP’s IPO subscribed to 794 per cent by 5,250 investors

1 June 2021

SOZAP is a digital entertainment company with competence and ambition at its core. SOZAP has a strong corporate culture and organisational model built on independent teams where each member is passionate about their role. Through this collaboration of creative minds, SOZAP is developing into a global powerhouse of digital entertainment.

SOZAP’s first game, the mobile shooter ARMED HEIST, has been downloaded more than 20 million times since its launch in 2019. In addition to ARMED HEIST, the company’s two new development teams have three more games in different development phases, two of which are planned to be launched in 2021.

The IPO was subscribed to 794 per cent by approximately 5,250 investors. Raised capital, in total SEK 26.1 million, will primarily be used to expand the user acquisition activities for ARMED HEIST, key hires and for the commercial launch of upcoming game titles.

Augment acted as the company’s financial adviser in the IPO.

Read the full press release here (in Swedish).