Game valued at £340m in stock market return

Video game retailer Game Digital has returned to the London market just two years after it collapsed into administration.

The company, which has 327 stores in the UK and 233 in Spain, priced its shares at 200p each, giving it a market capitalisation of £340 million.

The float of a 35.5 per cent stake in the chain has raised about £121m, of which £101m will go to selling shareholders and £20m to the company itself.

Chief executive Martyn Gibbs said: “We are a truly specialist retailer, with a loyal customer base, operating in a growing market.

“Our supplier partners are producing increasingly advanced gaming content, for which we will continue to develop and facilitate new ways to buy and play. The business is well placed for the future.”

Unconditional trading in the firm’s shares is expected to begin on Wednesday.