GAME UK to return to stock market this year – rumour | VG247
Story by Brenna Hillier
Mon, Jan 20, 2014 | 00:06 GMT
GAME UK to return to stock market this year – rumour
UK retail chain GAME is expected to return to the stock market with a £300 million floatation.
The news comes via Sky News, which doesn’t name its sources, and has not been confirmed by the company.
HSBC, Canaccord Genuity and Liberum Securities are said to be on the cards to co-ordinate an IPO later this year, and the company is expected to release a trading update this week.
“The chain really outperformed the market, which should provide a solid platform for it to go public,” an anonymous source close to GAME told Sky.
GAME was delisted in March 2012. Currently, the chain is owned by private equity backer Op Capita, which purchased it after the chain went into administration, closing 300 stores. International franchises were left to their own devices; GAME Australia went under, but the Iberian chain lived on.
Thanks, Joystiq.
Posted in: Retail, Rumour, UK
Tags: game
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GAME UK to return to stock market this year – rumour | VG247
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