Huuuge announces final share price in IPO

Global producer and publisher of free-to-play games focused on the rapidly growing mobile gaming market, Huuuge, announced the final price of the shares offered in its Initial Public Offering. The price was set at PLN 50 per share. The final number of shares offered under the IPO was set at 33,316,686. Thus, the value of Huuuge's public offering will amount to PLN 1.67 billion, which means that it is the largest offer of a gaming company in the history of the WSE.

“We are a global company with a mission to empower billions of people to play together. Today is a big step for Huuuge. We are acquiring new shareholders who will be able to participate in our further development, assuming making social games available to even more people around the world. We are delighted with such great interest from investors all over the world, we believe that it reflects a positive assessment of our development plan and the strength of our business model, focused on the global availability of social games.

Becoming a public company marks the beginning of a new chapter for Huuuge. We are prepared to accelerate the implementation of our Build & Buy strategy, and to expand our smart network and game portfolio, allowing more mobile game users to interact,” Anton Gauffin, Huuuge Founder and CEO, said.

(WBJ)