We reported a couple of days ago that indie publisher Devolver Digital planned to go public by the end of this week, and there were reports that Sony was eyeing a five percent stake in the company. Yesterday, Devolver Digital confirmed its public offering and Sony subsequently confirmed its investment.
— PlayStation (@PlayStation) November 4, 2021
Over on its website, Devolver said that going public will enable the company to continue publishing games that it’s known for without worrying about financial implications. As part of its efforts to bring more indie games to the market, Devolver has purchased Croteam (Serious Sam, The Talos Principle), Dodge Roll (Enter the Gungeon), Nerial (Reigns, Card Shark) and FireFly Studios (Stronghold series). Devolver’s employees remain majority stake owners.
Devolver’s statement reads:
Devolver Digital has grown in many ways from that first picnic table meeting over beers, but our team is still driven to bring interesting and unusual games to the forefront and help developers and our fellow Devolvers achieve their dreams.
Today we’ve become a publicly traded company. At first blush that can certainly sound like a departure from a group of friends starting a boutique game label, but really it’s a kind of validation for our team and our partners. We’re insanely proud of what we’ve accomplished over the last decade, and we genuinely believe this will make us even better.
[Source: Devolver Digital]