The Telegraph reports that Ilkka Paananen, the CEO at Supercell has ruled out an IPO for Supercell. “Why would we consider an IPO?” he said. “We’re only 190 people. We’re small and highly creative. That’s not the best fit for the public markets which are all about the next quarter’s results.”
Paananen’s comments came shortly after rumours re-surfaced that Tencent, the Chinese media giant, was considering a $9 billion bid for the maker of Clash of Clans.
Supercell are also looking to generate a eSport niche for Clash Royale. “We have the advantage that our games are made for mobile while other eSports titles are on other platforms,” Paananen says. “Everyone has a mobile phone and we are going to experiment with a new kind of tournament.”