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PlaySimple, India Unit of Sweden’s Modern Times, Files for IPO

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Top Ipo Breaking News

Stock Market Mastery: Secret Strategies with Consistent Learning!

Published by Global Banking & Finance Review®

Posted on April 23, 2026

1 min read

Emergency response at Times Square following a shooting that left three individuals injured. This incident highlights ongoing gun violence issues in the US.

Sweden’s Modern Times unit PlaySimple files for $350 million India IPO

PlaySimple’s IPO Filing and Company Background

IPO Details and Company Statement

April 23 (Reuters) – Swedish entertainment company Modern Times Group said on Thursday that its Indian game developer unit, PlaySimple, has filed for a $350 million initial public offering.

PlaySimple’s Game Offerings and Market Competition

Founded in 2014, Bengaluru-based PlaySimple offers mobile word games like the Daily Themed Crossword and Word Bingo, competing with Wordle from The New York Times.

Ownership Structure Post-IPO

Modern Times said that it intends to remain a majority owner of PlaySimple following the completion of the IPO, in which there are no new shares being issued.

IPO Management and Previous Reports

Bookrunning Managers

In a filing, PlaySimple said that Axis Capital, JPMorgan, Morgan Stanley and MUFG are acting as leading bookrunning managers for the offering.

Previous IPO Valuation Reports

Reuters reported exclusively in November that Modern Times was seeking a $450 million IPO for PlaySimple.

Acquisition History

Modern Times acquired PlaySimple in 2021 for $360 million.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Maju Samuel)

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