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Devolver Digital reportedly preparing IPO at £1bn valuation

The publisher could be floating on the London Stock Exchange by the end of the year, reports say

Image credit: Dan Ahern is a freelance writer in addition to being a QA analyst at Mediatonic, working on Fall Guys

Devolver Digital is reportedly preparing to go public on the London Stock Exchange, with a valuation that could reach £1 billion.

According to The Telegraph, the publisher appointed bankers from Zeus Capital in preparation for its public listing. Game World Observer added that the company is expected to go public by the end of this year.

There's no more details about the situation at this stage -- reached out to Devolver Digital but the company didn't have more information to share.

The company had a very successful 2020, being the publisher of Mediatonic's hit Fall Guys. It also acquired Serious Sam developer Croteam last year, for an undisclosed sum. We recently talked to the company's marketing manager Robbie Paterson about the strategy behind RPG roguelike Loop Hero.

Fall Guys initially launched in August 2020 and quickly became the most downloaded PlayStation Plus game of all time. It also became the highest-earning digital launch of any PC title since Overwatch in May 2016. The title was among Steam's top earners for 2020 alongside titles such as GTA 5, PUBG and CS:GO.

We talked to Mediatonic earlier this year about Fall Guys' success and its plans to bring to even bigger audiences.

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Marie Dealessandri avatar
Marie Dealessandri: Marie joined in 2019 to head its Academy section. A journalist since 2012, she started in games in 2016. She can be found (rarely) tweeting @mariedeal, usually on a loop about Baldur’s Gate and the Dead Cells soundtrack. GI resident Moomins expert.
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