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Analyst Group initiates coverage of Trophy Games, a Danish game developer focused on challenging games with a long lifetime. Trophy Games business model is a so-called freemium model which means that the games are free to download and play, but the user can get advantages via In App Purchases (IAP). Trophy Games has recently raised approximately DKK 54m (after IPO-costs) through their IPO, enabling key investments to optimize current games, add new titles as well as acquire new studios and IPs, something Analyst Group will follow closely.
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