Virtuality: Difference between revisions
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=== Public flotation and partnerships (1993-1995) === | === Public flotation and partnerships (1993-1995) === | ||
In 1993, W Industries officially changed its name to Virtuality Group plc to align with its product branding and prepared for a public stock offering. | In 1993, W Industries officially changed its name to Virtuality Group plc to align with its product branding and prepared for a public stock offering. In November 1993, Virtuality successfully went public on the London Stock Exchange, with shares starting at 170p and reaching 315p on the first day, valuing the company at £75m. Waldern, retaining a 10.4% stake, was worth over £7m, and the flotation brought in £12.6m, with Waldern selling part of his holding for £750,000.<ref name="independent39">The Independent, "Dr Waldern's Dream Machines", November 28, 1993. https://www.independent.co.uk/life-style/the-hunter-davies-interview-dr-walderns-dream-machines-arcade-thrills-for-spotty-youths-today-but-revolutionary-tools-for-surgeons-and-architects-tomorrow-says-the-pioneer-of-virtual-reality-1506176.html</ref> | ||
In January 1995, the company expanded its executive team, bringing in Dennis Ohryn as Deputy Executive Chairman and Ray Ticer as Finance Director, together bringing over 50 years of experience from technology companies such as Prime Computers, Sun Microsystems, and Apple.<ref name="vrs11">Virtual-Reality-Shop, "The History of VR – Part 14: The Beginning of the End, of the Beginning", December 7, 2021. https://www.virtual-reality-shop.co.uk/the-complete-history-of-vr-part-14/</ref> | In January 1995, the company expanded its executive team, bringing in Dennis Ohryn as Deputy Executive Chairman and Ray Ticer as Finance Director, together bringing over 50 years of experience from technology companies such as Prime Computers, Sun Microsystems, and Apple.<ref name="vrs11">Virtual-Reality-Shop, "The History of VR – Part 14: The Beginning of the End, of the Beginning", December 7, 2021. https://www.virtual-reality-shop.co.uk/the-complete-history-of-vr-part-14/</ref> | ||
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<ref name="virtuositytech8">VirtuosityTech, "About Us". https://virtuositytech.com/index.php/about-us</ref> | <ref name="virtuositytech8">VirtuosityTech, "About Us". https://virtuositytech.com/index.php/about-us</ref> | ||
<ref name="wiki9">Wikipedia, "Virtuality (product)", March 2025. https://en.wikipedia.org/wiki/Virtuality_(product)</ref> | <ref name="wiki9">Wikipedia, "Virtuality (product)", March 2025. https://en.wikipedia.org/wiki/Virtuality_(product)</ref> | ||
<ref name="vrs11">Virtual-Reality-Shop, "The History of VR – Part 14: The Beginning of the End, of the Beginning", December 7, 2021. https://www.virtual-reality-shop.co.uk/the-complete-history-of-vr-part-14/</ref> | <ref name="vrs11">Virtual-Reality-Shop, "The History of VR – Part 14: The Beginning of the End, of the Beginning", December 7, 2021. https://www.virtual-reality-shop.co.uk/the-complete-history-of-vr-part-14/</ref> | ||
<ref name="virtuositytech12">VirtuosityTech, "About Us". https://virtuositytech.com/index.php/about-us</ref> | <ref name="virtuositytech12">VirtuosityTech, "About Us". https://virtuositytech.com/index.php/about-us</ref> | ||