Huuuge, Inc. a global games developer and publisher, today commenced trading on the main market of the Warsaw Stock Exchange. The value of the offering by Huuuge amounted to PLN 1.67 billion (approx. USD 442 million) and represents the largest IPO of a gaming sector company in the history of the Warsaw Stock Exchange and the largest mobile gaming IPO in Europe. The Company has raised approximately USD 150 million (PLN 565 million) in gross proceeds from the offering, which will be used for potential acquisitions and to fund the Company’s continued long-term future growth.
This is a monumental day for Huuuge. Today marks the completion of the strategic transformation project that we have been relentlessly working on for the last few years. From now on we are not only an international company but also a public one, which in turn makes us even more global as we make our brand accessible around the world and investors everywhere have the opportunity to share in our success. This is critical to our long term strategy and we are very excited to start our journey on the Warsaw Stock Exchange. – said Anton Gauffin, founder and CEO of Huuuge.