It looks like UK retailer GAME is going to make it after all. After nearly going under in 2012, GAME has now revealed plans for an IPO on the London Exchange.
In fact, the company’s valuation has risen up from £300 million ($504 million) to £400 million ($672 million) in the past few months, thanks to the announcement of this IPO.
GAME can credit their turnaround to their success in selling GTA V, as well as the Playstation 4 and Xbox One. Perhaps bittersweet, but they were also helped by their decision to close many of their stores, particularly shutting down stores across Europe to focus on France and the UK.
Is this IPO intended to raise funds for GAME to expand again? At least they can take back some of the stores they dropped in the UK. We congratulate GAME for their success and look forward to news from their IPO.Related to this article