Devolver Digital Goes Public

The Devolver Digital Website has big news from this offbeat game publisher, saying as of today, Devolver is a publicly traded company on a sub-market of the London Stock exchange. This includes an assurance that our "sixth favorite game publisher" is still mostly owned by its founders. An update from GamesIndustry.biz says the company's initial market cap is just under a billion dollars, and that Sony Interactive is now a five percent investor. Devolver's announcement includes a recap of the acquisitions the company has made over the past year in addition to the high profile purchase of Croteam:
So what does this mean for your sixth favorite game publisher? This means Devolver Digital will be able to continue to invest into all the games we’re working on now, partner on new ones that we’ve previously not been able to consider, and add more of the fine people we love working with into our cadre of consummate video game professionals.

That last point is an important one - over the past year or so we’ve brought our longtime partners and friends Croteam (Serious Sam, The Talos Principle), Dodge Roll (Enter the Gungeon), Nerial (Reigns, Card Shark) and FireFly Studios (Stronghold series) into the strong but gentle arms of Devolver Digital. Those developers and our team looked ahead and saw that we’d be working together forever so we lovingly acquired them, mostly so they would hang out with us more. The games and experiences that these four studios have planned are incredible and each maintain their full creative autonomy afforded to them throughout our relationship. No specific plans for Enter the Gungeon 2 but rest assured we’ve asked them more than once.
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Re: Devolver Digital Goes Public
Nov 4, 2021, 15:54
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Re: Devolver Digital Goes Public Nov 4, 2021, 15:54
Nov 4, 2021, 15:54
 
Well now they will change and become more corporate to please the share holders. Sad.
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Re: Devolver Digital Goes Public
Nov 4, 2021, 22:40
Kxmode
 
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Re: Devolver Digital Goes Public Nov 4, 2021, 22:40
Nov 4, 2021, 22:40
 Kxmode
 
Is their stock symbol DIGGYD?
"...and in stonks, Fizzy Squeezy Stocklebocks leaped over Droopy Whoopy Bondfluffs, hitting 300-gigglebits to their 150-snorebucks. Meanwhile, in Whimsyland's market, the pancakes reached parity with pogo sticks."
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Re: Devolver Digital Goes Public
Nov 5, 2021, 10:58
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Re: Devolver Digital Goes Public Nov 5, 2021, 10:58
Nov 5, 2021, 10:58
 
I own and have enjoyed so many Devolver Digital published games, so that it feels ilke their company would be a stock I'd be happy to invest in, hoping for the best. Like 3DFX back in the day. Then, they will totally shit the bed and their stock will become worthless, like 3DFX back in the day.

Although this announcement is a little weird, almost 1 billion dollars worth of stock, but just on some subset of the London Stock Exchange only? Testing the waters I guess? Probably did not want to be gobbled up by Sony and other mega corps.

This comment was edited on Nov 5, 2021, 11:08.
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