As Hamburg’s first games company Bytro Labs GmbH is now trading indirectly in a stock exchange. The Swedish parent company Stillfront Group AB, to which Bytro Labs belongs since 2013, concluded the IPO on the Stockholm Stock Exchange “Nasdaq First North” successfully on December 8th 2015. Already with the first listing the Stillfront market price achieved significant growth with an increase from 39 SEK to 70 SEK.
Felix Faber, Managing Director of Bytro Labs, commented:
”Bytro Labs, the Stillfront group and all its employees are proud of the successful IPO and the strong interest in our company. We are sure to meet the high expectations and to continue our growth.”
Bytro Labs enjoyed a continuous growth in recent years thanks to the long-running hit game “Supremacy 1914”. Due to the large success of the 2015 released browser strategy game “Call of War” this growth could be greatly increased. “Call of War” is not only the most successful game of Bytro Labs, but also of the Stillfront Group, in which Bytro Labs occupies a decisive position with more than 60% revenue share. The public offering was the next logical step to this success story.
More information on the topic can be found here: http://www.stillfront.com/listing
Bytro Labs GmbH is an owner-managed company, which develops and publishes technically sophisticated, browser-based and mobile online games. By now, the games have 5 Million registered users and are available in fifteen different languages. Bytro Labs was founded in 2009 by Felix Faber, Tobias Kringe and Christopher Lörken. They were decorated as “Founders of the Month” in June 2010 by the German state of Baden-Württemberg and with the “Technology Fast 50 Rising Stars” award by Deloitte in the fall of 2012.