The developers of Crime Scene Cleaner held an IPO, and their shares rose by 113% on the first day
The Polish company President Studio has become a publicly traded entity. It made its debut on the NewConnect exchange — a platform established by the Warsaw Stock Exchange specifically for smaller companies.
Crime Scene Cleaner
According to the portal Bankier, the opening trades were delayed due to high excitement. Once they commenced, the value of the developers' stocks rose rapidly. Initially, President Studio sold its shares at a price of 50.73 złoty ($13.78) each, but by the end of the first day, the price more than doubled to 108 złoty ($29.34) per share.
Currently, the studio's market value stands at 114.73 million złoty ($31.16 million). 67.5% of its shares are owned by the holding company PlayWay.
During the IPO presentation, the developers also shared new sales data for their crime scene cleaning simulator, Crime Scene Cleaner — since its release in August 2024, the Steam version of the game has sold 874,000 copies.