Chess24 has successfully transitioned into a public entity through an IPO, following its merger with Play Magnus, positioning itself advantageously within the flourishing chess industry.
Target Information
Chess24, established in 2014, emerged from our corporate group and successfully merged with Play Magnus in 2019. This merger marked a pivotal moment for both entities, as they combined resources and expertise within the chess community.
Following these developments, we are pleased to announce our debut on the stock exchange. As a part of the Initial Public Offering (IPO), we sold a portion of our stake in Chess24.
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Industry Overview in Norway
The chess industry in Norway has experienced a remarkable rise in popularity over the past decade, largely attributed to the success of Magnus Carlsen, the reigning
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