PopCap considering IPO, not likely revealing any new IP in 2011
13
We're just gonna level with you, folks -- we're scared. Frankly, reading this weekend's CNBC report that Plants vs. Zombies developer PopCap Games is considering an IPO worries us greatly. In so many words, it means that the quirky indie studio could go from private to public, meaning that the company could go from being beholden to itself to being beholden to investors. It also means that PopCap could expand far more rapidly -- and that you could own a piece of the action.
As it stands, the studio pulled in over $100 million last year in revenues and, according to CNBC, is the third largest Facebook developer -- handily besting Disney's user numbers with just two games of its own (versus Disney's 37!). PopCap doesn't deny the possibility of the IPO -- it evenregistered with the US Securities and Exchange Commission -- with company prez David Roberts saying, "I do think we'll be ready internally. Whether the market is ready remains to be seen. It has got to be right for us."
Amazingly, CNBC also asked Roberts if he would comment on the long ago trademarked "Yetitrain" name. He didn't. That name, however, is still amazing. Unfortunately, we may not be hearing anything about it anytime soon. Roberts stated, "Don't hold your breath" when asked about the possibilty of a new franchise being announced this year.
As it stands, the studio pulled in over $100 million last year in revenues and, according to CNBC, is the third largest Facebook developer -- handily besting Disney's user numbers with just two games of its own (versus Disney's 37!). PopCap doesn't deny the possibility of the IPO -- it evenregistered with the US Securities and Exchange Commission -- with company prez David Roberts saying, "I do think we'll be ready internally. Whether the market is ready remains to be seen. It has got to be right for us."
Amazingly, CNBC also asked Roberts if he would comment on the long ago trademarked "Yetitrain" name. He didn't. That name, however, is still amazing. Unfortunately, we may not be hearing anything about it anytime soon. Roberts stated, "Don't hold your breath" when asked about the possibilty of a new franchise being announced this year.
Reader Comments (13)
Posted: Mar 7th 2011 11:45AM Friv0lous said
PvZ DLC in 2011 please!
Posted: Mar 7th 2011 11:49AM RedViv said
Please don't, PopCap. Please.
Posted: Mar 7th 2011 1:07PM Jack Kevorkian said
@RedViv you'd rather them stay tiny so they get swallowed up by Activision? No, this is them attempting to compete and grow. Nothing wrong with that.
Reply
Posted: Mar 7th 2011 1:41PM RedViv said
@Jack Kevorkian
That's precisely why they should *not* go public. Besides this, publicly traded company lose the will to experiment more often than not.
(Actually, I just don't want to lose the last casual company that doesn't go all princess-lovey-puzzle game vol. 422 on us, thus leaving me with only those games to translate here...)
Reply
That's precisely why they should *not* go public. Besides this, publicly traded company lose the will to experiment more often than not.
(Actually, I just don't want to lose the last casual company that doesn't go all princess-lovey-puzzle game vol. 422 on us, thus leaving me with only those games to translate here...)
Posted: Mar 7th 2011 12:54PM Barkley610 said
I know for one, the day they go public that'll be the first stock I ever buy.
Posted: Mar 7th 2011 1:02PM ghand said
First dibs on shares!
Posted: Mar 7th 2011 1:21PM BizarroPunisher said
Listen Popcap, I'm fine with whatever you do on the business end as long as you keep making great games, but you have to release something for Android soon. Seriously, I'll kill a man to get PvZ on my phone at this point, just name the target. Name. The. Target.
Posted: Mar 7th 2011 2:21PM Marzz said
So, with Popcap going public (among other companies), would Joystiq like to do an article on stock trading? Seems like the gamer generation is moving into the age bracket where stock trading is viable, and I for one have no idea where to start.
Posted: Mar 7th 2011 2:37PM xhunter89x said
If this happen a sense a hostile takeover...
Posted: Mar 8th 2011 2:00AM muchdrama said
Who cares? It's not like I play any of their 'games' anyway.
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