{"id":22111,"date":"2018-05-29T22:50:00","date_gmt":"2018-05-29T22:50:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/319025"},"modified":"2018-05-29T22:50:00","modified_gmt":"2018-05-29T22:50:00","slug":"after-3-decades-as-a-private-firm-uk-dev-codemasters-is-going-public","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2018\/05\/29\/after-3-decades-as-a-private-firm-uk-dev-codemasters-is-going-public\/","title":{"rendered":"After 3+ decades as a private firm, UK dev Codemasters is going public"},"content":{"rendered":"<p>Longstanding British game company Codemasters\u00a0(<em>Dirt, F1<\/em>)\u00a0plans to make an initial public offering\u00a0on (a submarket of) the London Stock Exchange this week with an estimated valuation\u00a0of \u00a3280 million (or roughly $371.24 million USD).<\/p>\n<p>Notably, the <a href=\"https:\/\/www.ft.com\/content\/a1005a32-628a-11e8-a39d-4df188287fff\">Financial Times reports<\/a> Codemasters\u00a0&#8212; which is poised to release its arcade car combat game\u00a0<em>Onrush\u00a0<\/em>next week &#8212;\u00a0is expected to devote\u00a0\u00a315 million (~$19.8 million USD) of the money raised to bolstering its game development coffers.<\/p>\n<p>The rest of the earnings funneling chiefly into the pockets of the studio&#8217;s <a href=\"https:\/\/www.gamasutra.com\/view\/news\/194330\/Codemasters_owner_ups_its_share_in_the_racing_game_studio.php\">biggest investor<\/a>, the Indian firm\u00a0Reliance Big Entertainment, though\u00a0\u00a310 million (~$13.2\u00a0million USD) will reportedly be split among a group of the company&#8217;s directors and senior management.<\/p>\n<p>Codemasters\u00a0<a href=\"https:\/\/www.gamasutra.com\/view\/news\/93124\/Codemasters_Plans_Stock_Market_Float.php\">made a similar attempt<\/a> at an IPO in 2003, but wound up calling it off due to debt concerns. The Financial Times notes that the company currently owes Reliance roughly\u00a0\u00a3124 million (~$164.4 million), but if the company does successfully go public this week it will be the end of a roughly 31-year run as a private company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Longstanding British game company Codemasters\u00a0(Dirt, F1)\u00a0plans to make an initial public offering\u00a0on (a submarket of) the London Stock Exchange this week with an estimated valuation\u00a0of \u00a3280 million (or roughly $371.24 million USD). Notably, the Financial Times reports Codemasters\u00a0&#8212; which is poised to release its arcade car combat game\u00a0Onrush\u00a0next week &#8212;\u00a0is expected to devote\u00a0\u00a315 million (~$19.8 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":22112,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-22111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/22111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=22111"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/22111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/22112"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=22111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=22111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=22111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}