Devolver Digital raised $261 million as a result of going public and announced the purchase of three studios
Last week, Devolver Digital officially became a public company. As a result of going public, the publisher raised $261 million at a valuation of $950 million. The company also announced the acquisition of three studios, including the authors of the Stronghold series.The publisher himself will get $50 million.
The remaining amount will be used for payments to shareholders who have sold some of the securities. These include the management of Devolver Digital and existing investors like NetEase, who will retain their shares.
The company announced the launch of the Alternative Investment Market (AIM) at the London Stock Exchange on November 3. One of the new investors in Devolver Digital was Sony — it bought a 5% stake in the publisher.
On the occasion of the successful entry into the stock exchange, the company published a post on its blog. She noted that the funds raised will help to invest in the development of new titles, enter into cooperation with developers and expand the staff.
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addition, in her post Devolver Digital announced the acquisition of three studios at once. Among them are Dodge Roll (Enter the Gungeon bagel), Nerial (a simulator of the medieval ruler Reigns) and FireFly Studios (Stronghold strategic series).Recall that since October last year, Devolver Digital also owns the Croatian Croteam team, known for Serious Sam.
