Law firm Stephenson Harwood LLP has advised VR Education Holdings plc, a virtual reality technology company, on its £19 million admission to AIM in London and on the ESM of the Irish Stock Exchange.
VR Education, an Ireland-based software and technology group focused on transforming the delivery and effectiveness of digital education and corporate training, successfully raised £6 million ahead of the listing through the placing of 60 million new ordinary shares at a placing price of 10p.
As the virtual reality market continues to expand, listing on AIM and ESM will enable VR to focus on the development and commercialisation of ENGAGE, its online virtual social learning and presentation platform, advance its marketing strategy and strengthen its portfolio of content.
The Stephenson Harwood team was led by corporate partner Tom Nicholls, who was supported by corporate associate Gabrielle Pugh.