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

Perlegear TV Wall Bracket 

【Strong & Solid】: Featuring dual articulating arms and heavy-duty steel construction, this Perlegear TV wall…

4 hours ago

TONOR Microphone Boom Arm

Reliable Structure: Experience high reliability with our ultra-durable and rock-solid construction. Designed to withstand tens…

4 hours ago

eufy Security eufyCam 2C 2-Cam Kit Security Camera

Picture Perfect Surveillance - Live-stream and record footage in crystal clear 1080p HD. The 135°…

4 hours ago

Redragon Mechanical Gaming Keyboard

💕【Customized Lighting Modes】 This Mechanical Keyboard has 18 customized backlight effects, 4 adjustable brightness and…

5 hours ago

TOZO T10 Bluetooth 5.3 Wireless Earbuds

[ORIGX Acoustic Technology] The professional ORIGX 2.0 technology further optimises the performance of vocals and…

5 hours ago

AMD Ryzen 9 7900X3D 12 Core AM5 CPU/Processor

Welcome to the new era of performance. AMD's Ryzen 9 7900X3D 12-core processor, designed for…

5 hours ago