UK studio Sumo Digital heads for London IPO at $194 million valuation
Developer set to go public as soon as Wednesday
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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.
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