News
New listing of the company CREEPY JAR
The company CREEPY JAR S.A. was newly listed on the GPW Main Market on 8 April 2021.
CREEPY JAR S.A. is the 433rd company listed on the Main Market and the fourth new listing on the Main Market in 2021.
Key information:
|
company name |
CREEPY JAR S.A. |
|
companies listed on the market |
433 |
|
new listings in 2021 |
4 |
|
market (main/parallel) |
main (transfer from NC) |
|
business sector |
gamedev |
|
companies in the sector |
16 |
|
seat |
Warsaw |
|
Polish/foreign (other listing markets) |
Polish |
|
core business |
Creepy Jar is an independent game developer which specialises in survival simulation games. |
|
offering/sale |
N/A |
|
reference price |
closing price on NewConnect on 7 April 2021 |
|
company valuation* |
PLN 715.51 million |
|
value of introduced instruments* |
PLN 715.51 million |
|
% free float (under 5% in shares covered by the application) |
39.63% |
|
free float value* in shares covered by the application |
PLN 283.59 million |
|
% free float in all shares (under 5%) |
39.63% |
|
free float value* in all shares |
PLN 283.59 million |
|
Investment Firm |
Dom Maklerski Navigator S.A. i Ipopema Securities S.A. |
|
Legal Advisor |
Kancelaria Radców Prawnych Brudkiewicz, Suchecka s.k.a. |
|
Auditor |
Grant Thornton Polska sp. z o.o. sp.k. |
|
Financial Advisor |
Navigator Capital S.A. |
*at 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, i.e., PLN 1,053.10.
Issuer’s history and business
Creepy Jar is an independent game developer which specialises in survival simulation games. It is the aspiration of Creepy Jar to develop a genre combining the characteristics of high-budget (AAA) games with entertainment preferred by gamers who enjoy the survival simulation convention in the Prime Indie segment of highly advanced independent games (no financial support from publishers).
The company Creepy Jar was established in 2016 and has been listed in the NewConnect Alternative Trading System since 6 August 2018. The Issuer’s strategy has been to produce a high-quality game within several years after inception and subsequently to develop the game further with free-of-charge add-ons. The product was conceived for PCs and equipped with technical features necessary to port it to other devices, in particular consoles including Nintendo Switch, Microsoft Xbox, and Sony PlayStation.
The Company is planning to produce new Premium Indie games on a regular basis (one game every two-three years) to ensure operational continuity and stable revenue streams. The Issuer’s objective is to become a leading game developer based on proprietary projects subject to intellectual property rights held by the Company.
Following the success of the Issuer’s first game, GREEN HELL, the Company initiated the development of its next product (CHIMERA project), which the Issuer expects will make a global success outshining that of GREEN HELL. The Issuer continues to develop GREEN HELL in order to extend the product’s life cycle. The Company is planning to expand its development team in order to build up its proprietary game portfolio.
The Company’s business to date has focused on the production and distribution of GREEN HELL. For that purpose, the Company has established a team of programmers and graphic designers who have gained extensive experience in the course of production of the game. The Issuer has established relations with contractors who distribute and port GREEN HELL, and attracted a pool of more than 1.5 million players.
The Issuer’s first game GREEN HELL for PCs was released for Early Access on the distribution platform STEAM on 29 August 2019. The Full Release was rolled out on 5 September 2019. As at the date of the prospectus, GREEN HELL is available for PCs as a single-player game and, since 7 April 2020, for up to four players. GREEN HELL was released for Nintendo Switch on 8 October 2020 and has since been available in the Nintendo eShop in Europe, Australia, New Zealand, USA, Canada and Mexico.
The Company’s shares are listed in the NewConnect Alternative Trading System since 6 August 2018.
679,436 series A, B and C ordinary bearer shares with a nominal value of PLN 1 per share issued by CREEPY JAR S.A. have been admitted to trading on the GPW Main Market including:
- 500,000 series A ordinary bearer shares,
- 147,082 series B ordinary bearer shares,
- 32,354 series C ordinary bearer shares.
