News

UK studio Sumo Digital heads for London IPO at $194 million valuation

UK studio Sumo Digital heads for London IPO at $194 million valuation

British games developer Sumo Digital has set course for an initial public offering, with a $194m valuation.

That's according to Reuters, which reports that placing of ordinary shares has raised in the region of $51.4m, with a further $53m raised for selling shareholders.

Imminent IPO

The firm will be listed this Wednesday on London's junior market. Private equity firm Perwyn LLP will retain a 43 per cent stake in the developer.

That Sumo was headed towards an IPO was reported on October of this year, with rumours that it had its heart set on a $200m valuation.

Our sister-site PCGamesInsider.biz has the full story.


Tags:
Editor - PC Games Insider

Alex Calvin is the editor of PCGamesInsider.biz and launched the site in August 2017.

Prior to this, he worked for more than three years at UK games trade publication MCV, holding the role of deputy editor. He also worked on London Games Festival 2017 as content editor for marketing and events. Furthermore, his work has appeared in Eurogamer, Kotaku, Esquire UK, The Observer and Develop.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies
Important information

This site uses cookies to store information on your computer. By continuing to use our site, you consent to Steel Media's privacy policy.

Steel Media websites use two types of cookie: (1) those that enable the site to function and perform as required; and (2) analytical cookies which anonymously track visitors only while using the site. If you are not happy with this use of these cookies please review our Privacy Policy to learn how they can be disabled. By disabling cookies some features of the site will not work.