Leading global law firm Baker McKenzie have advised the underwriters Credit Suisse, J. P. Morgan and IPOPEMA on Huuuge, Inc.’s approx. US$ 442 million initial public offering and listing on the Warsaw Stock Exchange.
Huuuge is an international free-to-play games developer and a global publisher of digital games on mobile and web platforms. It is one of the fastest growing mobile game developers, having generated annual consolidated revenue growth of 30.6% from 2017 to 2019. Specialising in both social casino and casual games, Huuuge has over one million daily active users. The company intends to use the primary proceeds of the offering primarily to fund potential acquisitions and to fund the Company’s continued long-term future growth.
Megan Schellinger, partner in the Corporate Finance practice at Baker McKenzie in London commented on the deal, “We are delighted to have been involved in Huuuge, Inc.’s initial public offering and listing in Warsaw, a landmark transaction in the gaming sector, and to have been able to help the company achieve its long-term, strategic vision.”
The Baker McKenzie team was led by finance partner Megan Schellinger, supported by partners Adam Farlow and James Thompson (all London). The firm cooperated with Rymarz Zdort, the Polish law firm on the transaction.
The firm advised J.P. Morgan AG and Credit Suisse Securities Sociedad de Valores S.A., as Joint Global Coordinators and Joint Bookrunners, and IPOPEMA S.A., as a Joint Bookrunner. Other parties included Big Bets OÜ (vehicle of Anton Gauffin, the founder), Raine Group LLC and several Korean venture capital funds.