Anti-deathwatch: GAME, back in the, erm, game.

20 May 2014

game-logo GAME, the gaming related products shop, looks like it's back. Back. BACK! The company which went into receivership two years ago, has announced a return to the London Stock Exchange.

Now called GAME Digital PLC, it hopes to raise £12 million in an initial public offering, comprising of new shares issued by the company and the sale of existing ones by its main shareholder Elliott Advisors.

Since its administration and subsequent rescue, the company has completed a significant management restructuring and closed several branches to achieve a sustainable growth. It now operates 560 stores across the U.K. and Spain, down from 874 stores in 2012.

It's the latest in the line of shops that seem to be coming back from the dead in what seems like an economic recovery. Hurrah!

The IPO is expected to achieve a free float of at least 35%. Whatever that means.

So it's all good news for the high street then isn't it? Nice to have an anti-deathwatch for a change.

TOPICS:   Games

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