People Can Fly Prepares For IPO On The Warsaw Stock Exchange

? IPO

• Warsaw-based AAA PC and console game developer People Can Fly intends to go public on the Warsaw Stock Exchange (GPW.WA) this year. The listing should improve the studio’s position on the global AAA gaming market

• The announcement came just a day after another Polish game developer Huuuge shared the news about its own filing for IPO The Warsaw Stock Exchange

• In both cases, the call to action was likely caused by the huge success of another Polish gaming company CD Project (CDR.WA), which has made the country attractive for investors globally

• Warsaw Stock Exchange (GPW.WA) has had troubles attracting new listings over the last three years, which emphasizes the importance of the latest listings

• 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

? Product

• People Can Fly is a AAA level game development studio, creating titles for PC and major consoles like PlayStation and Xbox

• Among its most notable titles are:

  • Gears of War franchise, co-developed with Epic Games

  • BulletStorm, co-developed with Epic Games

  • Painkiller

  • Fortnite. co-developed with Epic Games

• Currently, the studio works on its new original IP Outsiders, which should come out in the Q4 2020 for Microsoft Windows, PlayStation 4, PlayStation 5, Xbox One and Xbox Series X and on action-adventure AAA game led by the company’s New York studio.

SOURCES: REUTERS