News

Green Man Gaming Delay Plans To Go Public

Green Man Gaming Delay Plans To Go Public

It’s not uncommon that when a company grows to a certain size that considerations are made into taking it to the stock market. It is, after all, a very quick way to generate significant funds in a business which can be then reinvested to help it grow further or move into new areas. In regards to popular online gaming portal Green Man Gaming, that was exactly their plan.

In a report via GamesIndustry though, the planned IPO has now been delayed due to what they have called ‘horrendous’ equity markets.

Pull The Plug!

The London based online retailer has said: “the equity markets have been horrendous in the past few weeks – with small-cap growth stocks being hit particularly hard.” As such, they have decided for the moment to delay the IPO. Well, at least until the markets appear to be a little more favourable for them.

There May Be For Tangible Reasons

While the decision has cited unfavourable market conditions, there may be more to this than meets the eye. Reports are suggesting that the companies initial value has been downgraded quite significantly since the announcement was first made. Initially valuing the company at around £100m, it is believed that the latest value has them at only £70m.

Now, this doesn’t suggest that the company has lost £30m in value in just one month. It does, however, show that the initial valuation might have been exceptionally optimistic.

The chances are more than likely that Green Man Gaming will, eventually, go public. For the moment though, I’d have to personally get a better idea of the true price. At least before throwing any of my money their way.

What do you think? – Let us know in the comments!

 

 

Mike Sanders

Disqus Comments Loading...

Recent Posts

Still Wakes the Deep 

LIVE THE HORROR: An immersive disaster story aboard a stunningly realised North Sea oil rig,…

3 hours ago

PHILIPS 275V8LA – 27 Inch QHD Monitor

The Philips VA LED display uses an advanced multi-domain vertical alignment technology that gives you…

3 hours ago

EPOMAKER Ajazz AK820 Pro 75% Gasket-mounted Mechanical Keyboard 

【TFT Screen: The Interactive Interface】This 75% mechanical keyboard comes equipped with a TFT Screen, serving…

3 hours ago

Funko Fusion

FANDOM FUSION Play as your favorite characters and wield their unique weapons and skills. Team…

3 hours ago

Shin Megami Tensei V: Vengeance Standard Edition

The Definitive Version of Shin Megami Tensei V - Fully evolved with stunning visuals for…

3 hours ago

Hand Warmers Rechargeable 2 Pack

【Unique Split Design】5200mAh hand warmers rechargeable together with double-sided heating function, split snap swivel design,…

3 hours ago