Huuuge submits prospectus to KNF for contemplated IPO

Global producer and publisher of free-to-play games operating in the fast-growing market of mobile games, Huuuge, submitted the prospectus to the Polish Financial Supervision Authority (KNF) in connection with the initial public offering considered by the company and the start of listing on the Warsaw Stock Exchange.

Huuuge consistently pursues its growth strategy through organic growth and acquisitions of outstanding mobile games and the studios that create them. The company and its shareholders have not yet taken the final decision regarding the public offering. The company will announce the next steps after approval of the prospectus by the KNF and consideration of market conditions and other factors.

“Video games are currently the most popular form of entertainment in the world and mobile games are the fastest growing segment of the market. Huuuge has become one of the leaders in the mobile gaming market, attracting millions of players. We focus on further development, expanding the offer of new games and implementing consolidation activities, as exemplified by the recent acquisitions of Playable Platform in the Netherlands and Double Star in Finland. We also consider a public offering as one of the possible strategic development options," Anton Gauffin, CEO of Huuuge, said.

(WBJ)