One of the oldest gaming companies in the UK is planning to go public, but this is not for sure. According to Sky News, Codemasters studio intends to hold an IPO in the coming months. The company’s market value is tentatively estimated at £100 million.
According to Sky News, the decision on the initial public offering was made in the Indian company Reliance Big Entertainment Limited, which has owned Codemasters since 2013.
The company can use the proceeds from the IPO to cover losses and develop titles for new platforms.
Note that the representatives of Codemasters refused to comment on the information about the IPO.
Codemasters was founded by brothers David and Richard Darling in 1986, who owned the studio until 2007. Codemasters is mainly known as a developer of racing simulators, including such series as F1, Dirt and Micro Machines.
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