Posted on May 17, 2018 by staff

500-strong video game maker confirms float


A video game developer which employs 500 people across three UK locations has unveiled plans to float on the London Stock Exchange.

Codemasters is a video game developer and publisher of racing games on console, PC and mobile and boasts a 30-year track record of producing successful titles including the Micro Machines series and ONRUSH, the upcoming racing video game for PlayStation 4, XBox One and Windows.

The company rose to fame in the late 1980s thanks to its Dizzy series of computer games.

The Warwickshire-headquartered group now approximately 500 full-time employees and also operates from UK bases in Birmingham and Runcorn, Cheshire.

It also has one overseas location in Kuala Lumpur, which is an art production facility.

The company has outlined plans to float on the AIM market of the London Stock Exchange on 1 June 2018, and is intending to raise £15m in capital.

Codemasters generated revenue of more than £50m in its financial year to 31 March 2017.