• Guest Post   |
  • Submit App Review   |
  • Submit PR   |
  • Advertise   |
  • Contact Us
  • Login
No Result
View All Result
Advertisement
Mobile App Development | Design | Marketing Magazine: Appedus
Subscribe
  • Home
  • App Development
  • App Marketing
    • All
    • App Onboarding
    • App Store Optimisation
    • App User Engagement
    • Push Notifications
    How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

    How to Create a Mobile App Marketing Strategy That Works

    How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

    How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

    App-Analytics-and-Data-Driven-Insights-Appedus

    Marketing 101 : Top App Analytics and Data-Driven Strategies

    In-app-purchases-and-in-app-subscriptions-Appedus

    In-App Purchases and Subscriptions

    Trending Tags

      • App Store Optimisation
      • App User Engagement
      • App Push Notifications
      • App Onboarding
      • App Analytics
    • App Design
    • App Reviews
      • All
      • Books & Reference
      • Business
      • Dating
      • Education
      • Finance
      • Fitness
      • Food & Drink
      • Health
      • iOS apps
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
      • Utilities
      • Video Editing
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      Adverse Effects Of UV Radiation

      6 Adverse Effects Of UV Radiation

      6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

      6 Best iOS Productivity Apps You Can’t Live Without

      7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

      7 Reasons Why Every Business Should Be Mobile-Friendly

      The-top-ten-mobile-apps-all-travellers-should-use-appedus

      The top ten mobile apps all travelers should use

      5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

      5 Ways To Promote Your Mobile App In A Smarter Way

      What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

      What To Do If Your Cell Phone Is Lost or Stolen

      Free-Android-Meme-Maker-Appedus

      5 Best Free Android Meme Maker

      Trending Tags

      • Travel
      • fitness
      • Video Editing app
      • Utilities
      • Lifestyle
      • Medical
      • Photography
      • Productivity
      • Shopping
      • Social
      • Travel
    • App Events
    • Exclusive
    • Home
    • App Development
    • App Marketing
      • All
      • App Onboarding
      • App Store Optimisation
      • App User Engagement
      • Push Notifications
      How-to-Create-a-Mobile App-Marketing-Strategy-That-Works-appedus

      How to Create a Mobile App Marketing Strategy That Works

      How-to-Monetize-Your-Mobile-App-Strategies-for-Success-Appedus

      How to Monetize Your Mobile App: 5 Best Strategies for Success in 2023

      App-Analytics-and-Data-Driven-Insights-Appedus

      Marketing 101 : Top App Analytics and Data-Driven Strategies

      In-app-purchases-and-in-app-subscriptions-Appedus

      In-App Purchases and Subscriptions

      Trending Tags

        • App Store Optimisation
        • App User Engagement
        • App Push Notifications
        • App Onboarding
        • App Analytics
      • App Design
      • App Reviews
        • All
        • Books & Reference
        • Business
        • Dating
        • Education
        • Finance
        • Fitness
        • Food & Drink
        • Health
        • iOS apps
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
        • Utilities
        • Video Editing
        The-future-of-mobile-virtual-events-and-webinars-appedus

        The Future of Mobile Virtual Events and Webinars

        The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

        The Rise of Mobile Payment and Financial Apps

        Adverse Effects Of UV Radiation

        6 Adverse Effects Of UV Radiation

        6-iOS-Productivity-Apps-I-Cant-Live-Without-appedus

        6 Best iOS Productivity Apps You Can’t Live Without

        7-Reasons-Why-Every-Business-Should-Be-Mobile-Friendly-appedus

        7 Reasons Why Every Business Should Be Mobile-Friendly

        The-top-ten-mobile-apps-all-travellers-should-use-appedus

        The top ten mobile apps all travelers should use

        5-Ways-To-Promote-Your-Mobile-App-In-A-Smarter-Way-scaled-appedus

        5 Ways To Promote Your Mobile App In A Smarter Way

        What-To-Do-If-Your-Cell-Phone-Is-Lost-or-Stolen-appedus

        What To Do If Your Cell Phone Is Lost or Stolen

        Free-Android-Meme-Maker-Appedus

        5 Best Free Android Meme Maker

        Trending Tags

        • Travel
        • fitness
        • Video Editing app
        • Utilities
        • Lifestyle
        • Medical
        • Photography
        • Productivity
        • Shopping
        • Social
        • Travel
      • App Events
      • Exclusive
      No Result
      View All Result
      Mobile App Development | Design | Marketing Magazine: Appedus
      No Result
      View All Result
      Home Featured

      Nexters goes public in SPAC at $1.9B valuation

      Nexters will use the proceeds to speed up organic as well as inorganic growth initiatives in the firm and will be deployed to the development of new products.

      by Editorial Team
      August 28, 2021
      in Featured, Funding, News-Curated
      Reading Time: 5 mins read
      0
      Nexters
      Share on FacebookShare on Twitter

      Table of Contents

      • Main Highlights
      • How will Nexters use the funds?
      • Game performance
      • Acquisitions

      Main Highlights

      • Nexters mobile game-maker is being made public in a deal, which values the firm at an enterprise value of $1,9 billion, by a special purpose acquisition company (SPAC).
      • The agreement will mean a total of $132 million for Nexters and its stockholders.
      • The proceeds will speed up organic as well as inorganic growth initiatives in the firm and will be deployed to fund the development of new products.
      • In the first quarter of 2021, the firm estimated annual sales growth of 48 percent on the basis of a strong 15 percent increase in bookings of 113 million dollars.

      Nexters mobile game maker is being made public in a deal, which values the firm at an enterprise value of $1,9 billion, by a Special Purpose Acquisition Company (SPAC). The agreement will mean a total of $132 million for Nexters and its stockholders. Approximately half will go into the firm, while Nexters’ shareholders will get the remainder.

      For fast-moving firms, SPACs have become a popular solution without all the problems of a regular IPO. SPACs are created by management in a blind shell business raising money and the investors don’t know what their money is put into.

      The following has an agreement with the SPAC business of Cyprus, Kismet Acquisition One, a SPAC created to take on a private company public. It has developed development activities in Eastern European cities, such as Moscow, to combine with the SPAC company. The next biggest game is Hero Wars RPG, an RPG that has been running on iOS and Android for over 120 million downloads so far. The company’s overall downloads are above 200 million. Its major objective is to provide more casual gamers with Midcore (hardcore gameplay in short cycles).

      “Agreements were voted on by SPAC holders,” CEO Andrey Fadeev told GamesBeat in an interview. “And for our M&A purposes today, we have the funds. It was our desire to follow this public market and have public currency.” We’re really glad.

      Kismet Trust Account, Kismet Sponsor, and (private equities investments) PIPE investors Mubadala Investment Company and VPE Capital include the shareholders who will get the cash. The billionaire Ivan Tavrin leads Kismet. A PIPE allows other private investors to enter into an agreement with SPAC.

      The 132 million dollars is just a little smaller than 150% of the company’s projected dollars after the deal, but the unpredictable market and regulators make SPACS more scrutiny more difficult to pull off SPACs.

      How will Nexters use the funds?

      The proceeds will speed up organic as well as inorganic growth initiatives in the firm and will be deployed to fund the development of new products with the goal that more casual games will be developed, games will be launched across additional geographical lines and the first play companies will be dealt with through Nexters’ established gaming links in the gaming industry.

      Next’s public listing should also assist its goal of becoming a major game consolidator for Russians, Eastern Europe, and beyond, taking advantage of the important market opportunity while using its proven value creation playbook to support other businesses and drive considerable synergies over time.

      Fadiev will continue to oversee the firm, which has over 600 developers, and research and development director Boris Gertsovskiy. Fadeev, Gertsov, Igor, Igor Bukhman, Andrew Sheppard, Natasha Braginsky, and Ivan Tavrin will be on the board. The financial consultants for Kismet Acquisition One were Credit Suisse, BofA Securities, and LionTree Advisors. Also, advisers for Kismet Acquisition One were Credit Suisse and BofA Securities.

      Game performance

      After the first half, the firm increased its projections of financial performance better than predicted. The conduct of players continues to demonstrate favorable dynamics, with the average monthly payment reservations rising 7% at Q1 to $115. This means that the paying users spend more money.

      In the first quarter of 2021, the firm estimated annual sales growth of 48 percent on the basis of a strong 15 percent increase in bookings of 113 million dollars. And the company’s expected increase in April is increasing for the year, claiming that in 2021, reservations would climb by 38%. Seven million active gamers each month are in Hero Wars.Nexters gameplay

      Fadeev added that after the epidemic ends the company’s games would continue to be enjoyable. Firstly, the Hero Wars, a “forever franchise” initially published in 2016, is continuing to develop. The business sees on the other side some encouraging outcomes from new games like Chibi Island, a game of agricultural adventures.

      Hero Wars teaches Chibi Island a lot and applies it not just to higher downloads, but also to enhanced revenue. Players may expand their farms in this game like in FarmVille. However, it has a major adventure aspect, since you may unlock and explore various sections of the island. This game was launched in a restricted way at the end of 2020 and is scheduled to debut completely this year.

      Acquisitions

      On Fadeev’s home soil in Eastern Europe, this is a significant opportunity. Fadeev and his colleagues are speaking Russian and will be able to operate more readily in the region with the game development teams, said Reinhold. You feel that Nexters will have an advantage in terms of transactions over other ambitious investors and buyers.

      The Games Fund, a risk capital game company founded by Russian investment specialists, has around 5000 game developers in eastern Europe. Fadeev thinks that 1,000 of them exist in Russia and many of them are known to the managers of the gaming business through his prior affiliations.

      “Translating from Russian is not extremely hard, but other people don’t understand the culture,” said chief operating officer Anton Reinhold in a GamesBeat interview. “To become a consolidator is one of our strategy points.”

      Based on the initial arrangements, the agreement takes place a bit late. It took the firm some time to switch its accounting system to GAAP reporting based in the US, Fadeev added. SPACs also becoming increasingly scrutinized. They highlighted “We have overcome all the problems,” stated Fadeev. He also acknowledged Tavrin’s extensive experience in dealing with the business. “We believe in building a fantastic company and bringing a tremendous deal of wealth to our shareholders in the long run,” says Fadeev.

      mm

      Editorial Team

      We at Appedus are a group of digital nomads aggregating, writing, and publishing the best of the tech news in the mobile app ecosystem. Our constant endeavor is to get the most actionable news for you to use.

      Next Post
      Indiagold

      Indiagold, a gold-based digital alternative lending platform, raises $12M

      Weekly Newsletter

      Top Apps This Week

      The-Top-Mobile-App-Trends-to-Watch-for-in-2023-appedus
      Featured

      The Top Mobile App Trends to Watch for in 2023

      by Editorial
      March 2, 2023

      In this article, we will explore the top mobile app...

      Read more
      The-future-of-mobile-virtual-events-and-webinars-appedus

      The Future of Mobile Virtual Events and Webinars

      February 22, 2023
      The-Rise-of-Mobile-Payment-and-Financial-Apps-Appedus

      The Rise of Mobile Payment and Financial Apps

      February 17, 2023
      Load More

      About Us

      Mobile App Development | Design | Marketing Magazine: Appedus

      Appedus is a mobile app ecosystem focused news publishing platform which covers various topics like app design, app development, app marketing and other relevant news, views or opinions. We also publish industry insights, e-books, developer interviews and e-magazines. You can get in touch with us on hola@appedus.com or you can snail mail us at

      Medianiti Ltd. Brooklands Business Park, Wellington Way, Weybridge KT13 0TT, United Kingdom

      Latest Articles & News

      Data-Security-Measures-Appedus

      Writing an Effective Privacy Policy for Your Mobile App

      September 21, 2023
      How-to-Handle-Negative-Reviews-of-an-App-A-Comprehensive-Guide-for-Businesses-jpg.webp How-to-Handle-Negative-Reviews-of-an-App-A-Comprehensive-Guide-for-Businesses-appedus

      Best Way to Handle Negative Reviews of an App: A Comprehensive Guide for Businesses

      September 20, 2023

      Important Links

      • Guest Post
      • Submit App Review
      • Submit PR
      • Mobile App Marketing
      • Mobile App Reviews | Top Android & iOS app reviews
      • Top Apps
      • Curated News
      • Advertise
      • Contact Us

      Subscribe

      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      No Result
      View All Result
      • About Appedus
      • Advertise
      • App Events
      • Appedus
      • Contact Us
      • Contact Us
      • Exclusive at Appedus
      • Our Authors, Contributors & Writers
      • Privacy Policy
      • Submit App for Review
      • Submit Free Press Release
      • Thank You
      • Tip-Off
      • Write For Us | Mobile App Development Guest Post
      • Write For Us | Mobile App Development Guest Post Paid

      © 2022 Appedus - Appedus All Right Reserved

      Welcome Back!

      OR

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version