Team17 prepares for £200m stock market float

The much-more-than-just-Worms games publisher and developer is preparing to make a big splash on the stock market. With The Times reporting that a £200m floatation announcement said to be imminent.

According to the report, Team17 has appointed stockbrokers Berenberg and GCA Altium to manage the move onto the London Stock Exchange. It follows on from an investment by Lloyds Development Capital (LDC) of £16.5m two years ago.

While the company retains a significant development team in Wakefield, it’s the successes of its Nottingham-based publishing arm that look to be the main draw, with massive growth potential. In recent years, the company has had some big hits, such as the Bafta-winning Overcooked, The Escapists and Yooka-Laylee.

Companies House documents show the company created revenues of £6.5m last year, making a loss after tax of £37,686. However, such figures rarely tell you much about a company’s potential or how much it’s investing back into the firm.

CEO Debbie Bestwick was our MCV Person of the Year in 2015, and also received an MBE for services to the games industry the year after.

Upcoming titles include retro-styled beat-em-up Raging Justice, sci-fi survival rogue-like Genesis Alpha One, stunning alien world platform game Planet Alpha and Ghibli-esque farming sim My Time at Portia. 

About Seth Barton

Seth Barton is the editor of MCV – which covers every aspect of the industry: development, publishing, marketing and much more. Before that Seth toiled in games retail at Electronics Boutique, studied film at university, published console and PC games for the BBC, and spent many years working in tech journalism. Living in South East London, he divides his little free time between board games, video games, beer and family. You can find him tweeting @sethbarton1.

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