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BSWW Advises on IPO of Artifex Mundi

BSWW Advises on IPO of Artifex Mundi


BSWW Legal & Tax has advised Artifex Mundi S.A. on its November 2016 debut on the Warsaw stock exchange. 

The value of the public offering of the publisher and producer of adventure games reached PLN 99,405,000. It involved the sale of shares by the shareholders (PLN 88,155,000) and an offering of newly issued shares (PLN 11,250,000).

According to BSWW, "Artifex Mundi is one of the leaders in the HOPA sector (Hidden Object Puzzle Adventure), producing and publishing [its] own games as well as those created by other developers. The most popular game series include: Enigmatis, Grim Legends, Time Mysteries: Inheritance, Nightmares from the Deep. The company offers own products as well as products of external developers intended for mobile devices, consoles and computers. Since 2016, the company has also increased its efforts in the free-to-pay segment where fees are paid as the game progresses, and not at the time of its purchase.

Seen as computer game producers seek capital in order to grow, and investors are eager to entrust them their funds, Artifex Mundi is another in a series of gaming sector businesses, such as CI Games, CD Projekt and 11 bit, who appeared on the Warsaw stock exchange."

"We can see a huge interest of computer game companies in being listed," said Piotr Wojnar, Managing Partner at BSWW Legal & Tax, who led the team handling the listing of Artifex Mundi S.A. "They do not always choose the main market of the WSE, [as] some smaller businesses also consider seeking a stock exchange listing on NewConnect." 

BSWW carried out due diligence of the company and took part in preparing the prospectus. It also represented Artifex Mundi in proceedings regarding the approval of the prospectus before the Polish Financial Supervision Authority and advised on matters related to dematerialization of shares by Krajowy Depozyt Papierw Wartosciowych S.A. as well as on proceedings related to the admission and marketing of the shares of Artifex Mundi S.A. on a regulated market organized by Giełda Papierow Wartosciowych w Warszawie S.A.

In addition to Piotr Wojnar the firm's team consisted of Janusz Szelinski and Malgorzata Stefaniak.

Poland Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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