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Report: UK developer Sumo Digital preparing for £150 million IPO

Studio said to have brought in Zeus Capital to advise on listing

Report: UK developer Sumo Digital preparing for £150 million IPO

Sheffield-based games developer Sumo Digital is preparing for an initial public offering that could be worth £150 million, according to a report.

The Times cites “City sources” who said that the company has recruited the services of Zeus Capital to advise on a listing in London.

No further details of the potential listing, such as a date, were discussed.

Investment history

Sumo Digital has worked on games such as LittleBigPlanet 3, Dead Island 2, Snake Pass, Crackdown 3, Forza Motorsport 7 and Sonic & All Stars Racing: Transformed, the latter of which was released on PC, console and mobile.

The company performed a management buyout from entertainment group Foundation 9 in November 2014 with the help of investment from NorthEdge Capital. The private equity firm did not disclose how much money it put into the deal.

In September last year, it was announced that Perwyn LLC had acquired NorthEdge's stake in the studio.

Sumo Digital currently employs around 400 staff and has studios in Sheffield, Nottingham and Pune, India. Earlier this year the company acquired art and design studio Atomhawk for an undisclosed fee.


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Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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