Mag Interactive’s IPO shows Europe’s mobile game industry is strong

Mag Interactive went public today at a market valuation of $137 million. It’s the Swedish company behind the hit puzzle word game Ruzzle.
The company and its shareholders sold 11.3 million shares to the public and raised an estimated $21.6 million in net proceeds. The offering is one more example of how Europeans are seeing great success in mobile games and how that is resulting in wealth-creating transactions. In 2016, Tencent acquired control of Supercell in a deal that valued the m