Nabarro has advised Cenkos Securities on the AIM IPO of XLMedia plc expected to raise £41.8m and lead to a market capitalisation of £92.9m. XLMedia is a global digital publisher and marketing company for online gaming operators, with customers such as Betson, Mr Green, 888.com, Bet365, Ladbrokes and William Hill.

Believed to be one of the largest traffic providers to the online gambling industry, XLMedia controls over 2,000 websites providing content in 17 languages and has a strong presence in the Scandinavian market.

This latest IPO in the online gaming market draws on Nabarro's experience in the space over the last decade. This includes the IPOs of Empire Online and Fire One as well as Sportingbet's £343m move to the main market. Nabarro also advised Sportingbet on various equity and bond issues and its complex £485m recommended takeover by William Hill and GVC.

The Nabarro team on the XLMedia IPO was led by Corporate partner, Alasdair Steele, alongside Corporate associates Gordon Anton and Rhian Ravenscroft.

Commenting on this latest IPO, Corporate partner Alasdair Steele said:

"2014 has started with a very clear 'open' sign in the UK equity markets. That said, investors continue to be very selective about the companies they choose to invest in. The fact that the XLMedia IPO has been well-received is testament to the strength of its business and management.

"The online gaming sector is one which Nabarro knows well. With the US starting to introduce a regulated online gaming environment, we see this as a space which will become increasingly attractive to investors."