Xeleb plans to use the net proceeds for ongoing product improvement, nearby growth to Southeast Asia, and for trendy company functions,” the organisation stated.
Xeleb tapped SB Capital Investment Corp. As the sole issue manager, underwriter, and bookrunner for the transaction, the same investment banking house hired by way of its figure Xurpas for its 2014 IPO.
Xurpas has consolidated its celeb recreation development commercial enterprise into Xeleb Technologies after acquiring Fluxion Inc., whose enterprise is complementary to that of Xeleb Inc. Xeleb is a movie star-branded and themed casual games organization owned through Xurpas.
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