STUDIO 777™ in Second Life® Closes Initial Public Offering On Capital Exchange

Largest IPO Ever Sells Out and Joins #1 Stock Market Simulation Game!




NEW YORK AND SECOND LIFE -- June 23, 2014 — STUDIO 777™ (CAPEX: FUN), the #1 Skill Gaming Nightclub, Mall and Resort in the Second Life® virtual world since 2009, announced today that it has closed its previously announced initial public offering of shares of its common stock. STUDIO 777 sold 4,000,000 shares in the offering, representing 20% of the Company, resulting in net proceeds of approximately L$5,760,600 Linden Dollars after deducting the underwriting commissions.

The shares are expected to begin trading under the symbol “FUN" on the Capital Exchange Stock Market Simulation Game on June 23, 2014 at http://www.slcapex.com/trades/symbol/FUN.

Read More

Studio 777 Goes Public- Interview with Luke Slingshot - Piers Diesel Reporting

 Studio 777 is like the Vegas of Second Life. It is an institution in SL business which offers the residents not only the option of skill gaming and winning money but also entertainment. Studio 777 also offer residents the chance to find virtual employment not only with the company but with other companies in Second Life as well.

It is not surprising when Studio 777 announced that they were going public allowing residents in Second Life to be shareholders. Finally residents were able to buy shares.  60% of shares were sold out within an hour on that first day. The owner of Studio 777 Luke Slingshot and his team surprised but also knew that residents who were buying shares could see that this was a business to invest in now and for the future.

I was able to chat with Luke about the success of going public and also about Studio 777.

Interview with Luke Slingshot

Read More

RING THE VIRTUAL IPO BELL! STUDIO 777™ IS GOING PUBLIC ON SECOND LIFE’S® CAPITAL EXCHANGE

RING THE IPO BELL! STUDIO 777™ IS GOING PUBLIC ON SECOND LIFE’S® CAPITAL EXCHANGE
Second Life’s #1 Skill Gaming Nightclub and Resort Joins  #1 Stock Market Simulation Game




NEW YORK AND SECOND LIFE -- MAY 31, 2014 — STUDIO 777™ (CAPEX: FUN), the #1 Skill Gaming Nightclub, Mall and Resort in the Second Life® virtual world since 2009, announced the pricing and approval of its initial public offering of 4,000,000 shares of its common stock at a price in Linden Dollars ("L$") of L$1.50 per share. The Company expects to receive gross proceeds of L$6,000,000 from the offering at closing, representing 20% of the Company. The shares are expected to begin trading under the symbol “FUN" on the Capital Exchange Stock Market Simulation Game at 5 am  (PDT) / 8am EDT on Wednesday June 4, 2014 at http://www.slcapex.com/ipo.

FUN is comprised of several successful enterprises: A Dance Club, JOBSTAR Job Center, 777 Shopping Mall and Skill Gaming Resort. The Company has been profitable since inception in 2009 with tens of thousands of customers. At STUDIO 777, Guests play games, win and earn Lindens, socialize, enjoy great music and dance, experience a unique location with stunning graphics and bright visuals, find a job, shop, take a bike ride -- or even a rocket ride.

Read More