Huuuge Games IPO to raise $442m
Update: Polish studio confirms final price and share issue for biggest gaming IPO in the Warsaw Stock Exchange's history
Update, February 5, 2021: Huuuge Games has announced the final pricing and number of shares, putting it on course to raise well over $400 million.
The share price remains at PLN 50 ($13.32), with the amount of shares to be offered at 33,316,686.
That values the offering at PLN 1.67 billion ($442 million).
Original Story, January 27, 2021: Huuuge Games has released more details about its upcoming IPO, a move that stands to generate the company just shy of $400 million.
As previously announced, the company will issue 15 million new shares, and a release announcing the publishing of its prospectus reveals an additional 18.35 million existing shares will also be included in the offering.
The maximum share price has been set to PLN 50 ($13.3), with the company stating this raises the potential value of the IPO to PLN1.5 billion ($399.8 million).
According to Huuuge, this would make it the largest video games IPO in the Warsaw Stock Exchange's history.
Final details of the offering are due to be determined by February 5, with Huuuge Games expecting to be listed on the stock exchange on or around February 19.
We recently spoke to CEO Anton Gauffin about how the IPO will elevate the Polish mobile developer.