Argonaut Goes Public

Seeking to find additional capital to fund the development of next-generation titles, British game maker Argonaut Software is planning to go public. The company plans to list later this month on the London Stock Exchange with an issue of 20 percent of existed company stocks from current shareholder and venture capitalists. Argonaut hopes to raise close to $24 million in the sale. Fellow U.K. developers Sci are completing a move to the London Exchanges main list in an effort to raise its profile and attract investors.