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.