Scopely IPO

Scopely was acquired by Savvy Games Group, a subsidiary of Saudi Arabia's Public Investment Fund, in April 2023 for approximately $4.9 billion. This acquisition came after Scopely had been considered a potential IPO candidate, having raised significant private funding and achieved substantial revenue growth with hits like Monopoly GO! The acquisition was one of the largest gaming deals in recent years. Prior to its acquisition, Scopely had raised over $1 billion in private funding and was valued at more than $3 billion. The company had been growing rapidly through both organic game development and strategic acquisitions of other game studios. The Savvy Games Group acquisition allows Scopely to continue operating while benefiting from the financial resources of its new parent company to expand its game portfolio and global reach.