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Huuuge Has Filed For An IPO On The Warsaw Stock Exchange

PUBLIC OFFERING | ANNOUNCEMENT DATE: 31 AUG 2020
WRITTEN BY | 01 Sep 2020
Huuuge Has Filed For An IPO On The Warsaw Stock Exchange
PUBLIC OFFERING

💵 IPO

  • Polish mobile game developer and publisher Huuuge Games has filed a prospectus for an IPO on the Warsaw Stock Exchange

    • The move was likely caused by the huge success of other Polish gaming company CD Project (CDR.WA)

  • The company submitted the prospectus to the Polish Financial Supervision Authority (KNF), no additional information about potential IPO was provided

  • 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

    • 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

🧩 Recent Acquisitions

  • In July 2020, Huuuge Games disclosed two acquisitions:

    • Double Star, Finnish game studio, that has developed Bow Land mobile game in cooperation with Huuuge Games

    • Playable Platform, Dutch advertising startup behind AI-driven self-optimizing technology for mobile playable advertisement

  • The terms of both deals remain undisclosed

Source: Company’s website

🎲 Product

  • 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

  • According to Reuters, the Group generated about $260m of revenue in 2019. The company’s product portfolio has demonstrated:

    • +1.5 million DAU

    • 150+ million total downloads

Downloads of Huuuge Games. Source: AppMagic
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Huuuge Games
  • Established in 2014

  • Headquarters – Szczecin, Poland

  • Founded by Anton Gauffin

  • Team of 600+ employees in 12 offices globally

  • Mobile casual games publisher and developer