Report: UK dev Sumo Digital is preparing to go public
LittleBigPlanet 3, Snake Pass, and Crackdown 3 developer Sumo Digital is preparing to go public in an IPO (initial public offering) worth nearly $200 million.
As reported by The Times, the developer-publisher is getting ready for a '£150 million ($198 million) float,' with sources claiming Zeus Capital has been hired to advise on a listing in London.
If the IPO goes ahead, co-founders Carl Cavers and Paul Porter will apparently retain sizeable minority stakes in the studio.
Sumo was founded in 2003 and is currently headquartered in Sheffield. The company runs three development studios: Sumo Digital Nottingham and Sumo Digital Sheffield in the UK, and Sumo Digital Pune in India.
The firm creates and publishes games for most platforms, and has worked on major franchises including Forza, Dead Space, Hitman, and Disney Infinity.