UK-headquartered virtual reality start-up Immotion will go public on Thursday and plans to raise £5.75m in funding.
Immotion creates virtual reality machines which can be used in arcades and shopping centres like traditional arcade machines. The Manchester-headquartered company typically charges up to £5 for customers to use its virtual reality machines.
The company will go public on Thursday on London’s junior stock market Aim. It expects a market capitalisation of around £20m, and expects its shares to trade around 10p.
Immotion’s chief executive Martin Higginson said that his company, which was founded last year, is going public because the founders have previously floated companies on Aim….