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The Company expects that gross proceeds from the issuance of new shares will amount to up to approximately USD150 million. The net proceeds of the Offering will be primarily used to fund growth initiatives such as potential acquisitions and investments and - to a lesser extent - continued long-term growth through game development and marketing
Commenting on today’s announcement, Anton Gauffin, Founder and CEO of Huuuge said:
“The IPO that we have announced today is a major milestone for the Company that transforms Huuuge and supports our strategy, giving us additional resources and readiness to move forward with its implementation. Moreover, as consolidation increases in our sector, there is an opportunity to significantly accelerate our growth by welcoming the best game creators and developers around the world to partner with Huuuge".