Immersive VR set to raise £6m in Dublin and London IPO

Immersive VR set to raise £6m in Dublin and London IPO

Waterford-based VR company rekindles the IPO spirit of Irish tech companies.

Educational virtual reality (VR) company Immersive VR Education is due to make its initial public offer (IPO) on the Dublin and London stock exchanges today (12 March).

The company is aiming to raise £6m (€6.7m) in investment by listing on Dublin’s Enterprise Securities Market and the AIM in London.

Investors in Immersive VR include Enterprise Ireland, Bank of Ireland Kernel Capital Venture Funds and Barry Downes’ Suir Valley Ventures.

The company is being advised in its flotation by Davy Corporate Finance.

A spin-out from Waterford Institute of Technology’s research-based TSSG, Immersive VR Education’s platform provides VR content that can be used in schools, colleges, universities, research centres and corporate training to teach any subject in a virtual environment. Students can fully immerse themselves in the experience, making hard-to-visualise concepts easy to understand.

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