Devolver Digital Valued at $950M, Stock Went Live Today
Sony Interactive Entertainment has already decided to make a 5% investment in the company.
Devolver Digital announced the company began trading on AIM, a sub-market London Stock Exchange. The indie publisher is now valued at $950 million.
Devolver raised $261 million around its admission to AIM and the current value reaches £694.6 million which makes it the largest ever US-based company by market capitalization to be admitted to the London Stock Exchange. It is also the second-largest company ever to trade on AIM.
Fieldfisher, the European law firm that advised Devolver, states the publisher received a "significant strategy investment from a key industry player,". The company was also supported by US institutional investors. GamesIndustry.biz
reports Sony Interactive Entertainment has decided to make a 5% investment in the company.
"An IPO is the right choice for us to ensure our continued growth and support even more wonderful games," noted CEO Douglas Morin. "Most importantly, it will allow us to retain our culture. Being a public company gives liquidity to our amazing team, all of whom are shareholders. It also gives us access to capital markets to continue investing in our growth strategy and talent."
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Published 04 November 2021