Imagi, the Hong Kong- and Los Angeles-based animation house responsible for last year’s “Teenage Mutant Ninja Turtles,” will offer its shares in a secondary listing in the U.S.
Company, which recently raised $40 million from a private Singapore-based investor (Daily Variety, July 7) said it has struck an agreement with Merriman Curhan Ford & Co. to serve as Imagi’s Principal American Liaison on the International OTCQX, a U.S. listing service representing companies listed outside the U.S. Its principal listing is on the main board of the Hong Kong Stock Exchange.
Imagi said the secondary listing, which is skedded to become active in September, will enable it to gain access to an untapped pool of U.S. investors.
“Imagi is one of only two pure-play computer graphics feature film animation studios in the world,” Douglas Glen, CEO of Imagi, said. “We are producing an exciting slate of global mass market entertainment, and our OTCQX listing makes it much easier for U.S. investors to participate in our success.”