The Warsaw Stock Exchange (WSE) is strengthening its position as a world leader in terms of the number of listed companies from the game development industry. Since October last year, it has been ahead of such technology giants as the stock exchanges in Japan and South Korea. Currently, a total of 58 companies from the gamedev industry are listed on the Main Market and NewConnect.
“In 2020, the gamedev industry was very popular on the Polish stock exchange. Everything indicates that investors will not complain about the lack of attractions this year as well. Last Friday saw the debut of Huuuge, the largest gaming debut in the history of the WSE,” Przemysław Gerschmann, Advisor to the WSE Management Board, emphasized.
The company's public offering was worth PLN 1.67 billion. Individual investors signed up for nearly 55 million shares sold at PLN 50. The pool in the retail tranche was 1.66 million shares, while institutional investors were allocated 31.65 million shares:
“Individual investors made a lot of subscriptions, which led to a reduction of 97 percent. In the IPO of Huuuge nearly 20,000 individual investors took part,” Gerschmann added.
“We looked at various stock exchanges in the world and we realize that the Warsaw Stock Exchange is the number one exchange when it comes to the number of listed gaming companies. Therefore, it is also an excellent growth platform for us,” Anton Gauffin, President of the Management Board of Huuuge, explained.
Huuuge joined the informal club of gaming companies whose capitalization on the Polish stock exchange exceeds PLN 1 billion. It also includes CD Projekt, 11 BIT STUDIOS, Ten Square Games, PCF Group, and PlayWay. On the Warsaw Stock Exchange, investors can choose between companies creating top productions for PC and consoles, games for mobile platforms, or low-budget projects of smaller entities.