News
New listing of BLOOBER TEAM
12
The company BLOOBER TEAM S.A. was newly listed on the GPW Main Market on 10 January 2024.
BLOOBER TEAM S.A. is the 414th company listed on the Main Market and the first new listing on the Main Market in 2024.
Key information
company name |
BLOOBER TEAM S.A. |
ticker/short name |
BLO/BLOOBER |
market (main/parallel) |
Main market |
seat |
Kraków |
Polish/foreign (other listing markets) |
Poland |
companies listed on the regulated market |
414 |
new listings in 2024 |
1 |
transfers from NC in 2024 |
1 |
core business |
Production and publication of video games |
IPO/ public sale |
n/a |
issue/selling price |
n/a |
public offering value: |
n/a |
company valuation* |
PLN 503,392,408 |
% free float |
65.73% |
free float value* |
PLN 330,872,828 |
% free float in all shares |
65.73% |
free float value* (in all shares) |
PLN 330,872,828 |
reference price |
to be determined based on the closing price on NC (new listing on the Main Market: 10.01.2024) |
number of shareholders |
series A, B, C, D, E shares are currently traded in the NewConnect ATS so it is not possible to determine the total number of shareholders of the Company |
Investment Firm |
TRIGON Dom Maklerski S.A. |
Legal Adviser |
Domański Zakrzewski Palinka Spółka Komandytowa |
Auditor |
PRO AUDIT Kancelaria Biegłych Rewidentów Spółka z o.o. |
* based on the average price of the Company’s shares in the NC ATS in the last three months before the submission of the application for admission, equal to PLN 26.07
Issuer’s history and business
The Company’s shares have been listed in the NewConnect Alternative Trading System since 27.06.2011.
Bloober Team S.A. is an independent producer and publisher of games specialising in the horror genre. The studio was established in 2008 on the initiative of Piotr Babieno and Piotr Bielatowicz.
The Issuer’s best-known games include the “Layers of Fear” series, “Blair Witch”, “Observer:System Redux” and “The Medium”. Depending on the project, the Company develops games independently or in cooperation with external partners. The Company’s games are distributed globally in digital form on all key distribution platforms, and as boxed games in the case of some titles. The Bloober Team Group is a capital group with two Polish subsidiaries (Feardemic sp. z o.o., Played With Fire sp. z o.o.) and one foreign subsidiary (Bloober Team NA, a California corporation, USA). As at the Prospectus Date, the Bloober Team Group had 278 employees and associates.
Issuer’s share capital
The Issuer’s share capital according to the entry in the National Court Register amounts to PLN 193,092.60 and is divided into 19,309,260 ordinary bearer shares with a nominal value of PLN 0.01 each, including:
- 10,200,000 series A ordinary bearer shares;
- 887,890 series B ordinary bearer shares;
- 2,220,000 series C ordinary bearer shares;
- 4,365,100 series D ordinary bearer shares;
- 1,636,270 series E ordinary bearer shares;
All shares of the Issuer are traded on NewConnect.
The Issuer did not conduct a public offering in connection with its new listing on the GPW Main Market.
Issuer’s shareholders:
Shareholder |
Number of shares |
% of capital / |
Piotr Babieno |
2,735,667 |
14.17% |
Serene Century Limited indirectly: Tencent Holdings Limited |
3,881,885 |
20.1% |
Shareholders’ Agreement of 17 December 2020: Zbigniew Kuc, Stanisław Kowalczyk, Dariusz Wazia, Paweł Molis, Daniel Guzik, Rafał Gaj, Krzysztof Mielczarek, Marzena Ulman, Jarosław Pietrzak |
1,581,250 |
8.19% |
Esaliens Digital Entertainment Fundusz Inwestycyjny Zamknięty, Esaliens Parasol Fundusz Inwestycyjny Otwarty, Esaliens Senior Fundusz Inwestycyjny Otwarty |
974,654 |
5.05% |
Other |
10,135,804 |
52.49% |
ANALYSIS OF THE CIRCUMSTANCES REFERRED TO IN § 10 OF THE EXCHANGE RULES
Issuer’s financial standing
Issuer’s selected consolidated financials:
(PLN) |
Q1-3 2023* |
2022 |
2021 |
Revenue |
77,239,846 |
61,122,252 |
78,108,789 |
Net profit |
11,615,075 |
1,967,818 |
26,002,324 |
Equity |
92,898,531 |
86,586,993 |
65,906,599 |
Liability and provisions |
39,482,847 |
39,398,330 |
32,942,143 |
Total net cash flows |
-1,029,604 |
3,885,428 |
18,019,212 |
Cash |
27,923,232 |
28,952,835 |
25,067,407 |
*Q3 2023 report, unaudited
The company did not publish financial forecasts.
Newly listed instruments:
- 10,200,000 series A ordinary bearer shares;
- 887,890 series B ordinary bearer shares;
- 2,220,000 series C ordinary bearer shares;
- 4,365,100 series D ordinary bearer shares;
- 1,636,270 series E ordinary bearer shares;