Video games label and developer Team 17 (LON: TM17) has had five profit forecast upgrades in the past 12 months. Games released in the second half performed strongly.
Team 17 floated 20 months ago when it raised £45m at 165p a share. Following the trading statement, the share price rose 37.5p to 420.5p.
This has taken Team 17, which is a constituent of the FTSE AIM 100 index, to a valuation of more than £550m and into the top 40 AIM companies by market capitalisation.
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