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Green Man Gaming's plans to float on the UK stock exchange has been put on hold.
According to a report by gamesindustry.biz, the digital retail company had plans to release £100 million worth of stock on the exchange. It was originally planned for September 28 but was delayed to mid-October after valuation had fallen to £70 million. Now the float has been delayed again.
To save you the trouble of Google searching what a float is, the float is the number of shares actually available for trading. To float means to add more to the total stock pool.
The London based firm still plans to follow through with the float. They're waiting until market conditions become something more favorable to the idea.
Green Man Gaming was intended to be the most recent in a wave of UK game floatations. Other recent floats include Team17, Codemasters, and Sumo Digital.
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