tinyBuild began to be listed its shares on the AIM market of the London Stock Exchange. Hello Neighbor and The Secret Neighbor publisher was listed at a valuation of £340.6 million ($473.2 million).
Focusing on creating “long-lasting IP”
tinyBuild announced the launch of a £340 million public offering on the London Stock Exchange. The company has had the opportunity to make investments in the past few months thanks to the games The Secret Neighbor and Hello Neighbor.
Alex Nichiporchik, CEO of TinyBuild, pointed out that the firm’s growth was driven by their focus on creating “long-lasting IP”.
“Since establishing tinyBuild eight years ago, we have gone on to create one of the most exciting players in our industry, with a quality portfolio of games enjoyed worldwide,” said Nichiporchik.
“We were delighted by the level of investor appetite we have experienced during the IPO process, and we welcome our new shareholders.”
“We believe that our AIM listing provides the ideal platform for our growth, whilst helping to increase tinyBuild’s profile even further.”
tinyBuild owes its success to Hello Neighbor
The IPO is led by Zeus Capital, which played a similar role in Sumo Group’s IPO in December 2017.
Zeus Capital deputy head of corporate finance Nick Cowles said it was great for them to work with companies like tinyBuild that have had a positive impact on their community. “We look forward to continuing to support tinyBuild and its high-quality investor base in the next phase of the company’s journey,” said Cowles, stating that they are pleased to support tinyBuild in the process.
Founded in 2011, tinyBuild has a portfolio of 40 games, 23 of which are still in the planning stages. However, Hello Neighbor was the real name that played an effective role in the growth of the company. The firm acquired three new game studios last month, thanks to the success of Hello Neighbor. We Are Five Games, Hungry Couch, and Moon Moose have joined the family.