VR company from Sweden XM Reality decided for the stock exchange for their liquidity event instead of raising more risk capital.
The announcement was made by XM Reality's representatives, as a decision of the Board of Directors.
XM Reality, based in Linköping, raised $1.4M in Febbruary 2016 from Almi Invest and angel investors. In 2015 the company was still in red, with a burning rate of about 8M SEK per year and revenues of about 6M.