European publisher Playlogic to go public on London stock market.
Dutch game publisher Playlogic announced plans to become a publicly traded company on the Alternative Investments Market (AIM) subdivision of the London Stock Exchange. The AIM lists companies with smaller market values and is not as tightly governed as the parent exchange. Two other small game companies, Kuju Entertainment and Argonaut, trade on the exchange.
Playlogic was started in 2002 in Amsterdam and has since expanded to offices in both New York and the Netherlands. In preparation for going public, Playlogic has fired its previous auditing firm, Rothstein Kass, and is currently seeking a larger replacement. In order to comply with the Securities Exchange Act, the company has restated its third quarter 2006 financials. The board will announce further progress towards its IPO in the first quarter of 2007.