Devolver Digital valued at $950m as it floats on London Stock Exchange

Devolver Digital valued at $950m as it floats on London Stock Exchange

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Devolver Digital valued at $950m as it floats on London Stock Exchange

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November 4, 2021 | 

  • Loop Hero publisher is biggest US firm to trade on AIM, Sony Interactive Entertainment makes 5% investment in Devolver

Devolver Digital has begun trading on AIM, a sub-market London Stock Exchange, in a floatation that values the indie publisher at close to $1 billion.

The company’s stock went live at 8am this morning. Devolver’s raised $261 million (£190 million) around its admission to AIM, valuing the company at $950 million (£694.6 million) — in line with initial reports of the publisher’s IPO plans earlier this year.

This makes it the largest ever US-based company by market capitalisation to be admitted to the London Stock Exchange, and the second largest company ever to trade on AIM.