Archive · 13 Nov 2025
Modern Times Group Plans $450 Million IPO for India's PlaySimple
Imagine a big Swedish company called Modern Times that owns a fun game company in India called PlaySimple.
PlaySimple makes word games that lots of people play on their phones.
Now, the Swedish company is thinking about letting people buy small pieces of the Indian game company by having a big sale called an IPO.
This sale could be worth a lot of money, like $450 million!
This is happening because many other companies are also selling parts of their Indian businesses in India.
PlaySimple made a good amount of money last year from its games.
The Swedish company is talking to big banks to help make this sale happen, hopefully in the first half of next year.
Modern Times Group (MTG) is planning a $450 million IPO for its Indian subsidiary, PlaySimple.
The IPO is expected to take place in Mumbai, India, in the first half of next year.
PlaySimple, acquired by MTG in 2021 for $360 million, develops mobile word games and reported $213.5 million in revenue last year.
MTG has confirmed it is conducting an IPO preparedness study for PlaySimple.
This move aligns with a trend of global companies listing their Indian subsidiaries locally, making India a major IPO market.
- Who
- Swedish entertainment company Modern Times Group (MTG) and its Indian game developer subsidiary PlaySimple
- What
- MTG is planning a $450 million IPO for PlaySimple in Mumbai.
- When
- The IPO is targeted for the first half of next year, with the news published on November 13, 2025.
- Where
- Mumbai, India
- Why
- To launch an initial public offering of its Indian game developer.
- Company Planning IPO
- PlaySimple (India unit of Modern Times Group)
- Potential IPO Size
- $450 million
- IPO Location
- Mumbai, India
- PlaySimple Revenue (Last Year)
- $213.5 million
- PlaySimple Profit (Last Year)
- $59 million
- Acquisition Price (2021)
- $360 million
- Expected IPO Timeline
- First half of next year