WARSAW (Reuters) – Shares in Polish gaming company Games Operators rose further on Monday, after doubling on their debut late last week as investors bet on increased interest in gaming during lockdowns due to the coronavirus.
Games Operators’ shares doubled on Friday from a sale price of 22 zlotys but were also suspended for most of the day due to very high bids.
The shares resumed trade on Monday and by 1000 GMT were up 7.5% from Friday’s close to 47.3 zlotys. The stock led the market in turnover value.
The IPO marks a success at a time when the Warsaw bourse has struggled for new listings. In Europe, not a single European company listed on the stock market in March.
Games Operators, founded in 2015, sold 1.1 million shares in its initial public offering in March, including 250,000 new shares, at 22 zlotys each compared to a maximum price of 28.5 zlotys.
The IPO was worth 24.2 million zlotys ($5.82 million). The company raised 5.5 million zlotys and the rest went to investors who sold their shares.
“Lockdown and the epidemic are certainly making people spend much more time using mobile devices. This is confirmed by the available data and analyzes,” said Kacper Kopron, analyst at Trigon DM.
Poland has emerged as a leading video game exporter thanks in part to low labour costs, a young educated workforce and a gaming tradition rooted in the Communist era. The coronavirus restrictions have further lifted the sector.
A stronger dollar against the zloty has also boosted Polish video games sales, as many companies sell most of their products outside Poland.
Games Operators’ book-building concluded on March 12, a day before Poland announced it was closing borders and put restrictions on movement to curb the spread of the coronavirus.
“During our roadshow we quickly switched to fist bumps, ‘elbows’ or Asian style bows instead of the traditional hand shake,” founder and Chief Executive Bartlomiej Gajewski said in an emailed response to questions from Reuters.
“The amount we raised meets our expectations and it will allow us to follow our assumptions and goals,” the CEO said.
Santander BM, the book-runner, said that the fact that Games Operators is from a sector that thrives when people are forced to stay at home played a decisive role in the offer.
Games Operators is a relatively small player. Shares in the CD Projekt – the country’s biggest games maker and producer of the top-selling Witcher series – have risen by 21% since the start of the year as the Warsaw blue chip index WIG20 declined by 25%.
Investor attention to the gaming industry also helped startup firm covenant.dev raise over 1 million zlotys from a share issue at the end of March.
“We hope that the interest (in gaming sector) will not weaken in the second half of the year when we will be placing another share issue,” said Stanislaw Just, CEO of covenant.dev.
Editing by Michael Kahn and Susan Fenton
Now you can buy puzzles of Toronto businesses – NOW Magazine
In Toronto, puzzles have become an increasingly popular pandemic pastime. Seemingly endless time indoors means we’re all partying like it’s 1799, with local gift and game shops having a hard time keeping puzzles in stock.
A new Toronto startup wants to combine our newly-minted jones for jigsaws with the opportunity to help out struggling small businesses. PieceTogether is a new project that creates jigsaw puzzles featuring images of beloved local businesses – and gives $15 from every $35 sale directly back to the business.
“Even as restrictions ease many of these smaller businesses will still have to operate at a loss, it’s going to be difficult for a long time,” said co-founder Rich Pauptit in a release. “It’s just devastating to think that some of our favourite neighbourhood places to visit may have to close down.”
By buying a puzzle, he adds, “you get something fun to do at home as well as an easy way to support these vital independent businesses.”
Among the first wave of puzzles available for purchase: The Cameron House’s iconic exterior, the leafy cocktail bar Reyna, a cool bottle of beer from Shacklands, and a bird’s eye view of Stackt, with even more on the way. Check out the full lineup here.
Google Silently Releases Android Auto in More Countries – autoevolution
But more recently, users in a couple of new countries have been provided with the official Android Auto listing the Google Play Store, including here those in the Netherlands and Belgium.
Users who turned to reddit to confirm that Android Auto is now live in these two countries explain that they can “update it legitimately,” as seen in the screenshot here.
Others based the same countries, however, claim Android Auto isn’t available in the Google Play Store on their devices, so the app either rolls out in stages to these users or the Play Store updates are actually the result of the app originally being installed with the APK file.
In other words, if Android Auto is deployed using the dedicated APK installer, then updates are automatically served through the Google Play Store, and this is why some might be tempted to believe the app is now officially supported in their country.
But one user in the Netherlands says this isn’t the case, as updates through the Google Play Store weren’t possible before.
“I couldn’t update it through the store prior tot this, even with android 10. So I had to keep reinstalling through apk. Android auto seem to work different for a lot of people though. On my s9 plus it won’t show up in the store, even if I reinstall it on this phone (s10+)it will still show up in the store. On my phone it’s not a system app though,” one user explains.
Google is yet to officially announce the availability of Android Auto in more countries, so our only option is to actually wait until a confirmation on this is offered. Until then, a healthy dose of skepticism is definitely recommended.
Distributel Permanently Waives Data Overage Charges on all Internet Plans – Canada NewsWire
Company responds to the evolving needs of its customers
TORONTO, May 28, 2020 /CNW/ – Distributel Communications Limited is proud to announce that we have eliminated internet overage charges permanently on all current plans for our customers. In March, we communicated that we would temporarily waive these fees to support the large number of customers whose families are working and learning from home. Today’s decision reflects our customers’ changing needs and furthers our commitment to doing what’s right for Canadians.
“Our customers’ satisfaction is extremely important to us. They told us that they truly appreciated having data caps removed and that it made a real difference for them,” said Matt Stein, CEO of Distributel. “We thought about extending the program past the initial three months, but we quickly realized that customers’ needs have changed for the long term. The right thing to do was to eliminate these charges permanently. The internet has become such an essential part of our lives, that we want to make sure our customers can stay connected without ever worrying about additional charges.”
We listen to our customers and continue to respond to their evolving needs. This change is effective immediately across all capped plans, and no further customer action is required.
This is a time of change for everyone – our customers, our employees, and our partners. Our business continuity plans and practices have allowed us to continue supporting Canadians throughout this period. We are grateful for the tremendous efforts of our employees, customers, vendors and partners—all of whom continue to be there for one another.
“We’re all still adapting to this new world, and it’s clear that even as pandemic restrictions begin to lift, there are going to be long-term changes to how we work, learn and live,” said Stein. “Today more than ever, the internet enables many of the things we value most: keeping loved ones close, learning and developing, interacting with customers and colleagues, and recharging at the end of the day. We’re very proud that we can play such an important role in Canadians’ lives.”
Established in 1988, Distributel is a leading national, independent telecommunications provider offering a wide range of business and residential communications services. 100% Canadian-owned, with offices across the country and a national network, Distributel continues to forge new partnerships and bring innovative solutions to market directly and through a thriving wholesale division. ThinkTel, the Business Services Division of Distributel, is a provider of advanced voice and data services for the SMB and Enterprise markets throughout Canada. TV services provided through TotalTV Inc., an IPTV service provider that operates in Ontario and Quebec. As a top Microsoft Solutions Partner and a Cisco PMP, the Business Services division is focused on driving industry innovation. For more information, visit: www.distributel.ca.
SOURCE Distributel Communications Limited
For further information: Aby Bueno, Broad Reach Communications, T: 416-858-3135, E: [email protected]
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