Media: Devolver Digital is preparing to enter the stock exchange. Its valuation could reach $1.4 billion

Indie publisher Devolver Digital is on the verge of entering the stock market. According to The Telegraph, the company intends to list on the London Stock Exchange. As a result, the publisher’s capitalization will amount to £1 billion ($1.4 billion).

It is assumed that the entry into the stock exchange will take place before the end of the year. The Zeus Capital investment fund, which previously managed the tinyBuild and Sumo Group trades, will help Devolver Digital with it.

The Telegraph sources partially explain the high appreciation of Devolver Digital by the success of the Fall Guys: Ultimate Knockout battle royale released in August 2020. Recall that already on the day of release, 1.5 million people played the title, and by the end of the month its circulation on PC reached 8.2 million copies sold.

So far, the publisher has not commented on the portal’s information.

Founded in 2009, Devolver Digital specializes in publishing indie games. Among his recent releases, the Loop Hero bagel from the Russian studio Four Quarters was also noted. On the premiere day, the game attracted over 150 thousand players, reaching a peak online of 38 thousand users. A week later, the circulation of the project amounted to 500 thousand copies sold.