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Worms firm Team17 to float on London Stock Exchange AIM market this month

Worms firm Team17 to float on London Stock Exchange AIM market this month

Worms developer Team17 intends to float on the AIM market of the London Stock Exchange later this month.

Having been in operation for 28 years, the firm believes an IPO will help them extend its business and broaden its profile further on a more global scale.

Team17 is primarily known for developing the popular Worms franchise but has also published titles such as The Escapists, in 2014 following the launch of its publishing label. The company has also supported some award-winning indie titles since such as Overcooked and Yooka-Laylee.

Since the launch of its games publishing label the firm says it has hit annual revenue growth of 69 per cent, with revenues increasing from £13.5 million in 2016 to £29.6 million.

You can read the full story over on PocketGamer.biz


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Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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