Immersion’s subsidiary Immersion Games, a VR-focused game studio created in late 2020, has debuted on the New Connect stock exchange market. A total of 520,000 series A and D shares with a nominal value of PLN 1.00 per share were introduced to the market. Immersion Games S.A. is a 370 company listed on NewConnect, and 21st newcomer this year. The Initial Public Offering marks one of the milestones for the newly created company.
Immersion Games is a game studio focused on Virtual Reality technology. Due to mutual relations with Immersion, the company has a competitive advantage in the form of the experience of the production team and easy access to partnership contracts with key producers of VR equipment in the world: Oculus, Apple, HTC Vive, PlayStation VR, and Microsoft. Thanks to close relations with these partners, Immersion Games stands out with the following market advantages:
• official development licenses,
• priority in access to prototypes,
• access to development kits,
• suppliers certificate,
• access to project financing.
Immersion Games aims to produce 2 to 3 games per year in the budget range from 0.5 million to 1.5 million PLN. These products will be made for the available VR platforms, especially the Oculus Quest Store and Steam.