The Motley Fool Singapore
Will Vividthree Holdings Ltd Be the Next Blockbuster Share?
Vividthree Holdings Ltd is set to be the latest addition on the Singapore stock exchange. The company, which would be a spin-off from its parent, mm2 Asia Ltd (SGX: 1B0), is placing out 51.8 million shares at S$0.25 each to raise gross proceeds of S$12.95 million. The placement closed on 20 September, and trading of Vividthree’s shares is expected to start on 25 September. Following the placement, mm2 Asia will hold 41.5% of Vividthree, down from 49.2%. Vividthree is a virtual reality, visual effects, and computer-generated imagery studio that develops and creates digital intellectual property (IP) assets. These assets mainly consist of storylines with their accompanying characters and visual elements. Vividthree also acquires IP rights owned by third parties to produce virtual reali