Huuuge prices IPO at PLN50 per share
5th February 2021
| By Daniel O'Boyle
Social game developer Huuuge has priced its initial public offering (IPO) at PLN50(£9.77/€11.15/$13.41) per share, making the IPO the largest for a gaming business in the history of the Warsaw Stock Exchange with a total value of PLN1.67bn.
The developer had previously announced plans to list on the exchange, offering 33.3m shares. Of these 33.3m shares, 15m will be newly issued, while 18.3m are existing shares, mostly held by major investors such as Big Bets OÜ, which is owned by company founder Anton Gauffin and holds 42% of Huuuge shares.