Jam City reportedly filing for IPO this week

Harry Potter: Hogwarts Mystery developer Jam City may be filing an IPO this week.

According to "people familiar with the company's plans" speaking to The Wall Street Journal, the IPO valuation could total around $1 billion. JPMorgan Chase & Co. and Bank of America Corp are reportedly the lead underwriters.

An IPO has been a long time coming for Jam City, which first mentioned it was halfway to the public market in 2016 in an interview with GamesIndustry.biz. Right around the same time, it acquired mobile studio TinyCo.

Earlier this year, Jam City also acquired Colombia-based mobile studio Brainz and its strategy game, World War Doh. An IPO was mentioned again a few months later per The Korea Herald, when CEO Chris DeWolfe stated the company intended to go public no later than mid-2019.