Publisher Devolver Digital goes public. Many fans are not thrilled

Texas-based Devolver Digital is responsible for successful projects such as Inscryption, Death's Door, and Loop Hero. The publisher is going public and will be listed in London, where it expects a valuation of 700 million pounds sterling.

This is expected to raise around 190 million pounds sterling, which will be directed toward further investments and operations.

Founded in 2009, Devolver Digital specializes in games by independent developers and leans into a “rebel” image in the video game market, highlighted by satirical E3 press conferences.

The company started with six employees, working on the Serious Sam series. Its first major success came in 2013 with the release of Hotline Miami. In recent years, things have been going even better: Fall Guys, Carrion, Shadow Warrior, Absolver, Ruiner, as well as the aforementioned games, were released.

The London Stock Exchange is home to many other video game companies: Frontier Developments (Elite Dangerous), Team17 (Worms, but primarily a publishing business), Sumo Group, and, until recently, Codemasters (now acquired by EA).

Not all fans are pleased with this turn of events. Some suggest that the company will simply lose its uniqueness and cater to investors.