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Immotion Group Plc to use AIM listing to dominate 'out of home' VR market

Martin Higginson, chief executive of Immotion Group Plc (LON:IMMO), spoke to Proactive's Andrew Scott as the virtual reality 'Out of Home' entertainment business began trading on AIM.

Higginson says they raised £5.75mln in what was a significantly oversubscribed placing.

He says they'll be using the funds to implement Immotion's strategy which is to become a leading participant in the 'Out of Home' VR experience market which is forecast to grow eight-fold to $8bln by 2022.

Quick facts: Immotion Group

Price: 2.42 GBX

AIM:IMMO
Market: AIM
Market Cap: £9.18 m
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