Devolver Digital (DEVO) stock IPO debuts in London, Sony discloses 5% stake

Devolver Digital is the latest gaming company to go public, with an IPO listing on the London stock exchange.

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It’s always fascinating when a company that’s been around for a while decides to go public. It’s even more interesting when one of the most recognizable names in the gaming industry becomes publicly traded. Devolver Digital (DEVO), which publishes some of the most beloved indie titles, has gone public with an IPO listing on the London Stock Exchange.

Devolver Digital announced that it was going public in a post on its official website. Now listed on the London Stock Exchange, the public can buy and sell shares of the company, which is operating under the stock symbol of DEVO.

Devolver Digital is valued at $950 million USD. On the London Stock Exchange website, we can see more specific details about Devolver Digital’s stock. Today, DEVO has a high of £185 and a low of £167. The first day has been active, with plenty of people already beginning to move shares, including some notable parties. Sony officially announced that it was making a 5% investment into the company. In addition to Sony, NetEase holds an 8% stake in Devolver Digital.

Devolver Digital (DEVO) is just the latest gaming company to become a publicly-traded stock. Just last month, FaZe Clan announced that it would be going public as well. For more on the stock market and how it’s impacting the video game industry, stick with us here on Shacknews.

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Star Wars nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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