Zeus Capital leads £340.6m LSE listing for tinyBuild

tinyBuild, Inc, a video games publisher and developer, has admitted its shares to trading on the AIM market of the London Stock Exchange for a market capitalisation of £340.6m, in a transaction led by Zeus Capital.

The publisher strategically secures access to IP and partners with developers to establish a stable platform on which to build multi-game and multimedia franchises. tinyBuild’s portfolio of games includes 40 titles, and its games pipeline includes 23 titles currently scheduled for release during 2021 and 2022.

Headquartered in Seattle, Washington, USA, the company has key operations worldwide, with employees, contractors or partners in multiple locations across five continents. tinyBuild’s geographic diversity enables it to source high-potential IP, cost-effective development resource and a loyal customer base through innovative grassroots marketing.

A team at Zeus Capital comprising Nick Cowles, Richard Darlington, Daniel Harris, Rishi Majithia, James Edis and Matt Hogg (Corporate Finance); Benjamin Robertson (Equity Capital Markets); and Bob Liao (Equity Research) acted as nominated advisor and joint broker to tinyBuild on the transaction.

The listing is the latest in a series of transactions for Zeus Capital’s dedicated video games team. In the last three years, it has advised on multiple notable deals including Sumo Group’s £145m IPO, subsequent fundraising and acquisition of Pipeworks for $99.5m, as well as the sale of Catalis to NorthEdge Capital for €100m and the £47m flotation of Guild Esports.

Alex Nichiporchik, Chief Executive Officer of tinyBuild, Inc, said: “Since establishing tinyBuild eight years ago, we have gone on to create one of the most exciting players in our industry, with a quality portfolio of games enjoyed worldwide. Our focus on partnering with developers worldwide to ensure the creation of long-lasting IP which can be developed into multi-game franchises has been integral to our success to date.

“We were delighted by the level of investor appetite we have experienced during the IPO process and we welcome our new shareholders to tinyBuild. We believe that our AIM listing provides the ideal platform for our growth, whilst helping to increase tinyBuild’s profile even further.”

Nick Cowles, Deputy Head of Corporate Finance at Zeus Capital, said: “Congratulations to the tinyBuild team on a brilliant transaction. We are delighted to have supported tinyBuild throughout the process and it has been a pleasure to work with all parties on this transaction. It’s great to work with companies like tinyBuild that make a positive impact on their community. We look forward to continuing to support tinyBuild and its high-quality investor base in the next phase of the company’s journey.”