May 18, 2012, 08:00:27 PM

Author Topic: Trion considering IPO  (Read 238 times)

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Offline Gobnil

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Trion considering IPO
« on: October 25, 2011, 11:47:41 AM »
http://www.gamasutra.com/view/news/38089/Rift_Maker_Trion_Worlds_Considers_Going_Public.php

Quote
Redwood City-based MMO developer and operator Trion Worlds, a company that has raised over $100M in venture capital, may soon file for an initial public offering.

"As we build scale and become more profitable, [an IPO] is clearly on our horizon at some point," CEO Lars Buttler told Reuters.

"We've had a lot of bankers coming to us recently. We keep all of our options open at this point. We definitely have enough substance and enough skill to be a public company at the right time."

The $100 million in VC that the company has raised so far includes contributions from such well-known companies as Time Warner, Comcast, and Fidelity.

Rift, the company's first game, is "vastly profitable," according to Buttler.

"It is profitable every single week and every single month," he said, though he did not disclose figures.

Buttler recently spoke with Gamasutra about the company's Red Door initiative, a software platform for third-party developers that the company has already invested tens of millions into developing.

Offline Adomnae

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Re: Trion considering IPO
« Reply #1 on: October 25, 2011, 11:55:27 AM »
I'm no bean counter, but I'd think that you'd get a better buy-in during the lead up to a new game, not during the afterglow phase of your first.
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Re: Trion considering IPO
« Reply #2 on: October 25, 2011, 01:37:34 PM »
Better do that IPO within the next month, before Rift loses 80% of its subscribers to Star Wars and other games.  Rift is fun to play one character on each side to max level, then it gets hideously boring.  I can't believe anybody into buying IPOs wouldn't educate themselves on the extremely short-term appeal of a product/service like Rift.
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Offline Gobnil

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Re: Trion considering IPO
« Reply #3 on: October 25, 2011, 04:06:14 PM »
End of Nations is coming and I'm pretty sure they have other stuff too, Red Door which I've never heard of was mentioned in the article even. Not saying its a good idea but if it was a blatantly bad idea they probably wouldn't even be considering it.

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