Elite dev Frontier raises £4m from sale of shares

[Administrator]

Elite developer Frontier has raised £4 million after putting shares in the company up for sale.
Today marks the first day shares in the UK developer are available for trading on AIM (Alternative Investment Market), the sub-section of the London Stock Exchange. At the time of publication Frontier's market capitalisation was £39.4 million.
The Cambridge-based company the funds will allow Frontier to "expand its current business" and improve its in-house Cobra technology, used to build the likes of RollerCoaster Tycoon 3, LostWinds, Kinectimals, Kinect Disneyland Adventures and Coaster Crazy.
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