Huuuge Has Filed For An IPO On The Warsaw Stock Exchange

💵 IPO
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Polish mobile game developer and publisher Huuuge Games has filed a prospectus for an IPO on the Warsaw Stock Exchange
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The move was likely caused by the huge success of other Polish gaming company CD Project (CDR.WA)
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The company submitted the prospectus to the Polish Financial Supervision Authority (KNF), no additional information about potential IPO was provided
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Huuuge’s listing may be highly beneficial to the Warsaw Stock Exchange (GPW.WA) as it had troubles attracting new listings for the last three years
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Poland has proved to be one of the leading video games exporters, which is partially explained by its low labor costs and a long gaming tradition in the country
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🧩 Recent Acquisitions
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In July 2020, Huuuge Games disclosed two acquisitions:
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Double Star, Finnish game studio, that has developed Bow Land mobile game in cooperation with Huuuge Games
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Playable Platform, Dutch advertising startup behind AI-driven self-optimizing technology for mobile playable advertisement
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The terms of both deals remain undisclosed
🎲 Product
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Huuuge Games is a global F2P mobile game developer and publisher, with titles like Huuuge Casino Slots, Billionaire Casino, Stars Slots, Trolls Pop, Traffic Puzzle and Coffee Break Games
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According to Reuters, the Group generated about $260m of revenue in 2019. The company’s product portfolio has demonstrated:
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+1.5 million DAU
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150+ million total downloads
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SOURCES: BLOOMBERGLAW, IGAMINGBUSINESS, REUTERS


