IPO 'on the horizon' for Trion

IPO 'on the horizon' for Trion
Craig Chapple

By Craig Chapple

October 25th 2011 at 10:37AM

Developer has raised $100 million in venture capital since 2007

US based online gaming studio Trion Worlds is keen on filing for an initial public offering in the future, the developer’s chief executive has said.

The news comes after the company has raised $100 million in venture capital since 2007 through contributions from companies such as Time Warner, Fidelity and Comcast.

"As we build scale and become more profitable, (an IPO) is clearly on our horizon at some point," Trion chief executive Lars Buttler told Reuters.

"We've had a lot of bankers coming to us recently. We keep all of our options open at this point. We definitely have enough substance and enough skill to be a public company at the right time."

Buttler added however that the studio has yet to hire investment bankers and declined to give details on anytime time frame for an IPO.

Trion was founded five years ago and developed popular subscription based fantasy game Rift, which has sold more than one million copies.