The Times newspaper has said that a company has been brought in to advise on the listing
UK games developer Sumo Digital is preparing to go public according to reports from The Times.
The newspaper's website suggests that London based Zeus Capital are advising on the listing which will float the company on a London Stock Exchange for £150 million. Private equity firm Perwyn owns a controlling stake in the studio following a buyout last year, however, co-founds Carl Cavers and Paul Porter retain a minority stake as well as operational duties.
In a statement provided to Develop, CEO Carl Cavers did not confirm the possibility of the studio going public but did not dismiss it either. "Sumo is a strong and fast growing company with a significant market growth opportunity and we frequently review opportunities that will best enable us to achieve our ambitions and potential," Cavers said.
The company is still based in Sheffield but has expanded to Nottingham and Pune, India. The company as a group as also grown its portfolio, acquiring digital art and design studio Atomhawk earlier this year and are planning a second Atomhawk office in the US.
We recently spoke to COO Paul Porter in an exclusive interview which is available here, and also continued the latest in our behind the scenes series with the developer looking at its recent studio expansions.