Indie games publisher Devolver Digital has seen a fair amount of success over the years, leading to it being valued at $950 million or £694.6 million. This was confirmed when it floated today on the London Stock Exchange’s AIM sub-market. GamesIndustry.biz also revealed that Sony Interactive Entertainment will be investing five percent into the company.
This is along with a “significant strategy investment from a key industry player” as per European law firm Fieldfisher (which is advising the company). Devolver is working with $50 million gross proceeds to aid in expansion plans while $211 million was included as a secondary cash placing for current investors and management.
CEO Douglas Morin said that, “An IPO is the right choice for us to ensure our continued growth and support even more wonderful games. 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.”
Devolver Digital has quite the interesting slate of games coming up which includes Weird West and Shadow Warrior 3 (both recently delayed to next year) along with Wizard with a Gun, Trek to Yomi and Cult of the Lamb. It also recently published Daniel Mullins Games’ Inscryption. Stay tuned for more details in the coming months.
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