MTG postpones PlaySimple’s potential IPO

Modern Times Group (MTG) has postponed a potential initial public offering (IPO) of PlaySimple due to conditions in the Indian capital markets, with the company set to revisit the timing in 2027. MTG notes it continues to believe a potential public listing of the casual games developer would create significant shareholder value and strategic opportunities for the company. MTG said it does not believe a listing under the current market conditions would achieve these goals. The company will continue to support PlaySimple through organic growth and strategic acquisitions while it waits for more suitable market conditions.