World Chess Plans to List On The London Stock Exchange
World Chess Plc, a leading chess organisation seeking to promote the mass market appeal of chess globally through the commercial offering of chess related activities, is pleased to announce its intention to seek admission of its Ordinary Shares to the Official List and to trading on the London Stock Exchange’s Main Market for listed securities, and a placing of new shares to raise up to £10m.
It is expected that the Admission will become effective and that dealings will commence in November 2022, under the ticker CHSS. Novum Securities Limited (“Novum”) is acting as Financial Adviser to the Company and Retail investors will be able to register their interest in the IPO by applying through PrimaryBid prior to Admission.
Ilya Merenzon, Chief Executive Officer of World Chess, said: “I am pleased to be announcing our intention to float on the London market at a transformational time for chess and for our business. There continues to be an explosion of interest in chess, which has accelerated through recent years and even more during the pandemic. To keep pace with this growth we are scaling up our operations and expanding our range of services internationally. We are hugely passionate about chess and can’t wait to take the next step in developing the sport that looks like a hybrid of e-sports with a Nobel prize awards ceremony.”
