Devolver Digital reportedly preparing IPO at £1bn valuation

Devolver Digital is reportedly preparing to go public on the London Stock Exchange, with a valuation that could reach £1 billion.

According to The Telegraph, the publisher appointed bankers from Zeus Capital in preparation for its public listing. Game World Observer added that the company is expected to go public by the end of this year.

There’s no more details about the situation at this stage — GamesIndustry.biz has reached out to Devolver Digital to learn more.

The company had a very successful 2024, being the publisher of Mediatonic’s hit Fall Guys. It also acquired Serious Sam developer Croteam last year, for an undisclosed sum. We recently talked to the company’s marketing manager Robbie Paterson about the strategy behind RPG roguelike Loop Hero.

Fall Guys initially launched in August 2024 and quickly became the most downloaded PlayStation Plus game of all time. It also became the highest-earning digital launch of any PC title since Overwatch in May 2016. The title was among Steam’s top earners for 2024 alongside titles such as GTA 5, PUBG and CS:GO.

We talked to Mediatonic earlier this year about Fall Guys’ success and its plans to bring to even bigger audiences.