During the official opening of Kabam’s Berlin office, the company’s vice president, Steve Swasey, told what he thinks about entering the stock market.
“The market is huge – whether the company will be successful in the long term, you will not determine based on the results of the first week of its IPO,” Steve said about King’s entry into the stock exchange.
“Obviously, everyone wanted King shares to rise by 15% on the first day of trading, not fall. But here the situation is no different from the one we observed with Facebook. Two years ago, if you remember, she had a very unsuccessful IPO, and now she is back with a roar.”
As for his own entry into the stock market, Steve said that Kabam’s board of directors is still discussing this possibility.
“We have our own calendar plan, and we are not going to let anyone decide anything for us. We will do it (we will go to the IPO, – approx. App2Top.ru ) only if and when the right moment comes.”
Also, according to him, Kabam cannot be compared with King. The authors of Kingdoms of Camelot have several successful IP, not one series: “… our games cover different genres, we have more hardcore products, we have used all platforms …“.
Thus, Steve was clearly hinting that their business is much more diversified, is less risky. In other words: Kabam is confident that their IPO will be more successful than King’s.
A source: http://www.pocketgamer.bizKabam is a private company with a staff of more than 750 people.
She started as a developer of sports web applications. Became widely known thanks to the hardcore time manager Kingdoms of Camelot.