Coffee Stain Group went public with a valuation of $616 million but quickly depreciated in value
Yesterday, December 11, Coffee Stain Group officially separated from Embracer Group, becoming a public company. Its shares were listed on the Nasdaq First North exchange.
Satisfactory
According to data from Nasdaq First North, at the start of trading, a single share of Coffee Stain Group could be purchased for 26.62 Swedish kronor or approximately $2.90. As a result, the market capitalization of the developers initially reached 5.7 billion Swedish kronor ($616 million), but by the evening, the situation had slightly worsened.
By the end of its debut day on the stock exchange, Coffee Stain Group's valuation had decreased by 15.47% from the start, settling at 4.8 billion Swedish kronor ($520.6 million).
This decline is likely just a standard correction. On the day a company appears on the stock exchange, its stock price often changes significantly, and these changes can be either negative or positive depending on investor sentiment. For instance, Zynga's stock once dropped by 5%, KRAFTON's by 20%, while Roblox's surged by 54%.
The spinoff of Coffee Stain Group signifies that Embracer Group will soon complete its painful restructuring process. As part of this effort, the Swedish holding has already laid off thousands of employees, closed and sold some studios, and spun off the Asmodee Group. Embracer Group now plans to rebrand as Fellowship Entertainment, but this will happen no earlier than April 2026.