Mobile games group Huuuge’s current investors could sell shares in IPO – CEO – Latest News

WARSAW, – Mobile games developer Huuuge Inc. plans to raise up to $150 million from a new share issue and its current shareholders could sell shares worth similar amount, the company’s founder and chief executive told Reuters.

The company had said on Monday it expected to raise up to $150 million from a new share issue as part of its planned initial public offering (IPO) in Warsaw.

“WSE is one of the most active gaming public stock exchange on the globe. I could not find a better place for Huuuge for the next chapter,” CEO Anton Gauffin told Reuters.

“The offering itself is a hybrid of primary and secondary. The primary portion is up to approximately 150 million dollars and the secondary shares is an approximate same amount…,” Gauffin also said.

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