๐ฎ Devolver Digital Plans to Delist After 96% Stock Crash Since IPO
Beloved indie publisher Devolver Digital โ behind Cult of the Lamb, Gunbrella, and more โ wants to leave the London Stock Exchange and go private again. Its market cap collapsed from $950M at IPO to just $46.6M, a 96.3% drop. Devolver says indie publishing's unpredictable nature is incompatible with public-market reporting demands. Shareholders vote September 8; if approved, delisting happens September 16 and saves up to $1.6M in annual costs. Will going private mean bolder games?
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