Huuuge Inc. files prospectus with Polish Financial Supervision Authority for potential IPO
Huuuge Inc. (“Huuuge” or “the Company”), a global free-to-play game developer and publisher focused on the fast growing mobile gaming market, announces that it has submitted a prospectus for approval to the Polish Financial Supervision Authority for a potential initial public offering on the Warsaw Stock Exchange.
Huuuge continues to execute its market strategy to build and buy exceptional mobile game development studios and games. The Company and its shareholders have made no final decision about whether or not to proceed with the IPO. Subject to the Polish Financial Supervision Authority’s approval of the prospectus, a further announcement about a potential offering is expected to be made in due course, taking into account market conditions and other factors.
Anton Gauffin, CEO of the Company, commented:
“Video gaming is already the world’s most popular form of entertainment and within this sector mobile gaming is the fastest growing segment. Huuuge has established itself as a leader in mobile gaming, bringing together millions of users. We are now looking to the next phase of our growth, developing our pipeline of new games and realising consolidation opportunities, such as our recent acquisition of Playable Platform in the Netherlands and Double Star in Finland. We are also considering an IPO as a possible part of this strategy”
Huuuge is a global free-to-play games developer and publisher of digital games on mobile and web platforms, with a mission to empower billions of people to play together, as part of the Huuuge vision is to transform mobile gaming into a massively social experience. In order to become one of the global leaders in real-time, free-to-play casual gaming, Huuuge aims to redefine the category experience by offering best-in-class live operations in its games, and an unmatched environment in which to socialize.
Huuuge’s major areas of operations are development and publishing. Development encompasses all activities related to the development of new games. Huuuge has a proven track record of developing successful games within the social casino subgenre through its systematic development process. Publishing encompasses activities from the launch of a game onwards, including relationship building with distributors, marketing and continuous post-launch game optimization.
For the year ended December 31, 2019, Huuuge had an average of 3.98 million Monthly Active Users across a diverse global demographic, with its largest markets in North America and Western Europe. Huuuge is a global organisation with 12 offices worldwide, powered by a team of over 600 people and a culture of innovation and teamwork.
Huuuge has recorded significant revenue growth in recent years, with consolidated revenue increasing to approximately USD 260 million in 2019 from USD 152 million in 2017, representing a compound annual growth rate of 30.7%.
For additional information please contact:
Huuuge Games: Natalia Gębska
mobile: +48 788 234 303
M+G: Magda Kolodziejczyk
mobile: +48 501 16 88 07
Citigate Dewe Rogerson: David Westover
mobile: +44 7768 897722
This press release is for information purposes only and will under no circumstances constitute the basis for a decision to invest in the shares of Huuuge Inc. (the “Company”) and as such does not constitute or form part of and should not be construed as an offer, solicitation or invitation to sell or issue, or an offer, solicitation or invitation to, subscribe for, underwrite, buy or otherwise acquire securities of the Company or any of its subsidiaries in any jurisdiction, or an inducement/recommendation to enter into investment activity in any jurisdiction. Neither this press release nor any part hereof, nor the fact of its distribution or issuance, shall form the basis of, or be relied on in connection with any contract, commitment or investment decision whatsoever. The prospectus (the “Prospectus”) prepared in connection with the public offering and admission and introduction of the Company’s securities to trading on the Warsaw Stock Exchange will be the sole legally binding document containing information on the Company and the offering of its securities in Poland (the “Offering”). The Company will be authorised to carry out the Offering to the public in Poland following: (i) approval by the KNF (Komisja Nadzoru Finansowego), the relevant Polish financial supervision authority, of the Prospectus; and (ii) publication of the Prospectus in accordance with the relevant provisions of EU and Polish regulations. For the purposes of the Offering in Poland and admission and introduction of the Company’s securities to trading on the Warsaw Stock Exchange, the Company will make the Prospectus available on its website in accordance with relevant EU and Polish regulations. Any investment in connection with the Offering should be made solely on the basis of the information which will be contained in the approved and published Prospectus and any amendments or supplements thereto. The Prospectus, when published, may contain information that differs from the information contained in this press release. The financial information included in this press release is based on the unaudited financial statements of the Company and therefore may be subject to change.
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