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Friday | March 5 | 2021

Polish video games developer Huuuge to list on the Warsaw Stock Exchange

Polish mobile video games developer Huuuge has announced its intention to list on the Warsaw Stock Exchange.

Huuuge plans to raise $ 150 million in its initial public offering on the Warsaw Stock Exchange.

Huuuge’s largest shareholder is founder and CEO Anton Gauffin, that owns 42% of shares.

In the first nine months of last year, the comany had $ 244 million revenues, compared to $ 187 million in the same period in 2019.

The company has more than 600 employees in 10 offices around the world.

As of September 30 2020 Huuuge had 4.74 million monthly active users compared to 3.98 million, 3.72 million and 3.32 million as at calendar year end 2019, 2018 and 2017, respectively.

Huuuge will be the 14th video game company to be listed on the main market of the Warsaw Stock Exchange.

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