These gamers just got serious.
Northbridge-based Stirfire Studios, a video game and virtual reality company, is set to tap the market for between $5 million and $7 million when it floats.
The Vee Pendergrast-headed firm will issue 35 million shares at 20¢ a share in a raising organised by RM Corporate Finance.
The company started in 2010, originally with a small team operating from Ms Pendergrast’s lounge room, and now prides itself on being at the forefront of virtual reality development in video games.
The company originally started as more of an incubator and mini-publisher, but now operates as a traditional game studio and works primarily on the company’s in-house productions.
Its flagship in-house productions include Symphony of the Machine, a VR puzzle game whereby players control the weather to restore life to a post-apocalyptic world.
It received international attention after being exhibited at the major gaming expo PAX last year, and was launched this year on Steam and PlayStation VR in North America, Europe and Asia, as well as Australia and New Zealand.
Stirfire will use funds raised from the initial public offer primarily for game development, marketing, software and hardware.
The offer closes on September 15, with a debut on the Australian Securities Exchange set for September 29.