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Indie games label Team17 preparing for $284m IPO

Indie games label Team17 preparing for $284m IPO

UK-based Worms publisher Team17 is eyeing up a £200 million ($284m) flotation, according to a report.

The Times claims that the company could make an announcement on the matter “within days”.

Team17 is said to have appointed stockbrokers from Berenberg and GCA Altium to work on the London-based public offering.

News of a flotation comes over two years after the company raised $21.8 million from private equity firm Lloyds Development Capital to expand its business. It used those funds to acquire The Escapists developer Mouldy Toof Studios.

You can read the full story over on our sibling site PocketGamer.biz.


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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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