Posted on October 17, 2017 by staff

Sumo Digital ‘headed for £150m IPO’


Fast-growing Sheffield-headquartered games developer Sumo Digital is reportedly preparing for an initial public offering worth up to £150 million.

Sumo is behind hit titles such as Forza Motorsport, LittleBigPlanet 3 and Dead Island 2.

A report in The Times claims that Zeus Capital is advising the firm, which employs 400 staff in Sheffield, Nottingham and India, on a potential listing.

The studio was bought by private investment firm Perwyn last year after a period of huge growth following a 2014 management buyout assisted by NorthEdge Capital.

It had previously been bought by US firm Foundation 9 Entertainment in 2007.

Earlier this year Sumo acquired art and design studio Atomhawk, which worked on Marvel Studios’ silver screen blockbuster Guardians of the Galaxy as well as leading console games.