(Alliance News) - Investment companies Pires Investments PLC and Gunsynd PLC on Thursday said investee Low 6 Ltd, a pool betting platform, now has over 122,000 users.
Low 6 reports that 85% of users are Gen Z and Millennials - a target demographic of many gaming companies worldwide.
The companies noted that Low 6's plans to initial public offering remain on track, with a listing expected in the second quarter of 2021.
Peter Ruse, Gunsynd director, said: "We continue to be impressed with Low6's progress since our investments in late 2020 and February 2021. The business continues to significantly increase users as it rolls out new apps in partnership with globally renown sporting brands and work with new influencer partners."
Gunsynd shares closed 0.5% lower in London on Thursday at 1.84 pence each, while Pires stock closed up 1.5% at 14.98p a share.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Gunsynd (GUN)