UK studio Sumo Digital heads for London IPO at $194 million valuation
Developer set to go public as soon as Wednesday
By Alex Calvin, PCGamesInsider Contributing Editor
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.
Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.
