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World Chess floats in London with new funds for expansion

World Chess PLC has set up its pieces on the London Stock Exchange's main board after raising just over £3mln in its initial public offer, which was less than half of what it had hoped for.  At a price of 6.25p per share, the IPO gives the chess tournament organiser and online gaming platform operator a market cap of £41.7mln before any of its pawns are moved. The company, which was advised by Novum Securities on the float and offered some shares to retail investors via the PrimaryBid platform, said it would use...
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