A Yorkshire-headquartered video game developer has announced its intention to float on the London Stock Exchange.
Team 17, whose development studio is based in Wakefield, is behind a portfolio of games including the Worms franchise, The Escapists, Overcooked and Yooka-Laylee.
It has a team of around 140 people and last year saw revenues surge to £29.6m from £13.5m the previous year, with adjusted EBITDA increasing to £12.9m from £6.1m.
It was founded by Debbie Bestwick MBE in 1990 and the flotation is expected to value the company at between £200m and £230m.
Bestwick’s stake will be worth approximately £100m when the company floats on Aim later this month and she intends to sell up to 50% of her shareholding.
