The Glimpse Group, which owns and operates a portfolio of virtual and augmented reality companies, filed on Tuesday with the SEC to raise up to $11 million in an initial public offering.
Glimpse Group is a hardware agnostic virtual (VR) and augmented (AR) reality platform company, comprised of a diversified group of wholly-owned and operated VR and AR companies, providing enterprise-focused software, services, and solutions. The company currently owns and operates eight wholly-owned subsidiaries that target a wide array of industry verticals, including corporate training, education, and healthcare, among others. Glimpse does not currently target direct-to-consumer VR/AR software or services, only business-to-business and business-to-business-to-consumer.
The New York, NY-based company was founded in 2016 and booked $3 million in revenue for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol VRAR. Kingswood Capital Markets is the sole bookrunner on the deal. No pricing terms were disclosed.
