Mindark Shares / Stocks? Info?

[Shard-Angel]

Greets.

Mindark recently announced that they were going public - has this happened already?

If so:
* Where does one buy their shares from?
* How much did they open at?
* And how much are they going for now?
* What is their symbol?
* Which stock exchange is trading them?
* Whats the minimum amount we need to invest?
* Is there a website where an average Joe can purchase the shares with minimum (or no) broker fees?
* Any other advice / information?

Thanks.

[Kaitlyn]

I am by no means an expert on any of this...but from memory from when the company i worked for in the US...if you are "thinking" about it you have to make a public announcement of intentions...after that...then things move forward...and they move pretty slowly...

I'm sure when things start happening they will let us all know. Buying the stock is on everyones list of things to do...i would imagine....well on many anyways.

[aridash]

ive been on the look out and they has been absolutly no visable public coverage since the announcement. At the current pace i wouldn't expect a listing this year, though if they recieve a great deal of interest that could change.

[BrianMik]

They are still working with Credit Suisse to structure the IPO. They have not gone public yet.
Will look for link but I believe it is set for around Q3 of 2008.

Originally Posted by MSNBC

The Gothenburg-based company - which has attracted 650,000 players to Entropia Universe since its launch in 2003 - is expected to list in London in the third quarter of next year

The link I had in our Soc Forums doesn't work anymore

Found it: http://www.ft.com/cms/s/0/8400b198-a...nclick_check=1

Originally Posted by ft.com

Mind over matter as Entropia seeks IPO
By Chris Nuttall in San Francisco

Published: December 5 2007 02:00 | Last updated: December 5 2007 02:00


Entropia Universe is set to be the first virtual world to seek a real-world share listing after its creator, MindArk, announced its intention to go public yesterday.

The Gothenburg-based company - which has attracted 650,000 players to Entropia Universe since its launch in 2003 - is expected to list in London in the third quarter of next year.

In May it beat rival Second Life to a contract to create a cash-based virtual economy for China. The network is expected to handle 7m users at one time and enable $1bn a year in ecommerce.

Entropia currently turns over $1m a day and MindArk says it has been profitable for the past 14 quarters.

Its annual report for 2006 shows net sales more than doubling to SKr59m ($9.3m) from SKr28m in 2005.

In Entropia, players create avatars, build communities and explore and exploit the planet Calypso. MindArk does not charge a subscription fee but makes money from players buying assets and objects in the world.

Virtual entrepreneurs have also made real-world money through commerce in Entropia, whose PED currency converts at the rate of 10 to $1. Players can use real-world ATM machines to withdraw their money.

Credit Suisse is advising MindArk on its IPO.

[Frigid]

Originally Posted by BrianMik

They are still working with a Swiss firm to structure the IPO. They have not gone public yet.
Will look for link but I believe it is set for around Q3 of 2008.

Hmmm...perhaps to coincide with the CryEngine release?

[BrianMik]

Originally Posted by Frigid

Hmmm...perhaps to coincide with the CryEngine release?

My guess would be summer for Cryengine since it is scheduled Mid-2008 and then IPO (and Space Pirates) this fall.

Who knows though, you could very well be right.

Originally Posted by BrianMik

I thought Cryengine was this Summer and Space Pirates rolling out in the fall?

Only found this so far:

Says Fall 2008 for space - Though, is that official?


Click to enlarge

[Hally]

AFAIK thers no stock as of yet, thers the intend to make an IPO (http://en.wikipedia.org/wiki/Initial_public_offering) and thers the stock options owned by the people in the brigde investment fund or so.

I sampled this from another PE forum and it should give a pretty clear idea of whats going on


The Fabled IPO

By now I’m sure everyone has heard that MindArk is exploring an IPO on the London Stock Exchange. Should it happen, it will surely be a windfall for MindArk and the original investors behind it, namely Bridge Investment Network. In 2005 when Bridge sunk 30M SEK (~$4M at the time) into MA there was a promise that it would eventually go public, making the 900 members of Bridge a handsome return.

Because of assorted financial regulations, much of MA’s plans are still confidential and lots of things need to be determined. There is no value set yet for the IPO. Here is what we know. MA currently has 11,463,500 shares outstanding to employees and investors. In Q3 2007 they made a net profit of .25 SEK/share. This translates in to 2,865,875SEK (~$445KU/€304K) net profit for the third quarter. Let us compare with, say, Activision. They made ~$535K profit in a recent quarter. 33,787,000 PED were deposited in Q3, or, $337,870. In contrast, 6,696,000 PED ($66,960) were withdrawn.

MA reports it’s equity per share as 4.77kr. This would make MA valued at about 45.7M SEK or about $8.5M. Compare this to Activision’s $7.6B or even the much smaller Take Two’s $1.26B market cap, and you can see that MA is a tiny company. However, an IPO is just the sort of thing that allows a tiny company to propel itself into the spotlight and grow. MA has listed acquisitions as one of its prime motivators for an IPO. It will be very interesting to see what sort of acquisitions they have planned.

So what does this all mean to you, the player? Well, it’s not clear. An influx of cash (and best of all, not cash players are providing) could be very good for the company. We all know that the development and support staff are lacking. Lag seems to tell us that the server horsepower is lacking as well. If MA suddenly had a few extra millions to work with they could and hopefully would address some of these issues. The idea of MA getting money from somewhere other than the player’s pockets certainly sounds good on the surface, but it all depends on how it really works out.

For now all we can really do is wait and speculate. Rest assured that the ER crew will be following developments of the potential IPO very closely.

P.S. i copyed the whole so that i wouldnt be asked to explain any emissions
P.P.S. if those ER guys make any complaints about copying their stuff here then by all means remove it
P.P.P.S im not sure who ER guys are and if its still running

[NightwolfAA2k5]

We'll find out later this year... Hopefully. Not too long to wait, we're already in April...

- Nightwolf

[Shard-Angel]

Thanks for all the replies. Very informative. And much appreciated.

Hopefully - we'll be able to afford them - and be able to purchase via some easy method. (PEDs for stocks?! )

[BrianMik]

Originally Posted by Shard-Angel

Thanks for all the replies. Very informative. And much appreciated.

Hopefully - we'll be able to afford them - and be able to purchase via some easy method. (PEDs for stocks?! )

Was mentioned being on the London Stock Exchange...should be fairly easy for you at least