Creepy Jar sets IPO price

NewConnect-bound game developer Creepy Jar has set a PLN 65 per share price tag in its bookbuilding process and has started the subscription for its shares that will run till November 27, the company said in a market filing. Creepy Jar plans to sell nearly 33k new series C shares to retail investors and some 77k existing series A shares to institutional ones. The company plans to debut on the small-cap, alternative NewConnect market in Q1, 2018. “Our goal is to grow our business, with resources from the IPO we will increase our scale of operations. Ultimately, we want to become the leader in the survival simulation market, where we see tremendous potential,” said Creepy Jar CEO, Krzysztof Kwiatek. Creepy Jar plans to release one “premium indie” game per year along with a number of smaller titles. The upcoming Green Hell survival simulator game will be released on PC in Q1 next year. According to the company, it has potential to sell 300k copies.