image credit : Jam City

According to a new report from the Wall Street Journal, Mobile game developer Jam City is now preparing for an upcoming public offering which will see the 8 year old gaming startup debut on the public market with an aimed value of around $1 Billion according to the report.

Jam City till date has raised over $150 million in funding and has been behind several titles including Harry Potter: Hogwarts Mystery, Family Guy Another Freakin’ Mobile Game, Marvel Avengers Academy which was added through an acquisition and several others which have stayed as top grossing apps with its Family Guy title recently crushing the $30 million revenue benchmark.

Jam City’s most previous funding round stands as a very remarkable one with the Los Angeles based gaming studio which also counts locations across other cities raised $130 million in 2015 from South Korean major game publisher Netmarble.

With 6 acquisitions so far and several hit titles, Jam City which was notably started by MySpace co-founders Aber Whitcomb and Chris DeWolfe along with former 20th Century Fox executive Josh Yguado has grown rapidly gaining a huge swath of players for its mobile games which have topped app store charts and has also cemented Jam City’s status as a top go to studio for Hollywood titles.

This IPO will mark an addition to the vast number of public offerings which have occurred this year if it goes out as planned and will see Jam City join the likes of other major companies including Zynga, Its major investor Netmarble, King Digital, Singaporean digital entertainment Sea and several others which have made debuts on the public market taking its mainstream operations to the IPO route and continuing to grow their operations whilst being public.

King Digital renowned for mobile game craze Candy Crush after going public was notably acquired by Activision Blizzard 2 years ago for a huge $5.9 Billion.

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