CI Games shares ended Friday’s trading on the Warsaw Stock Exchange down more than 17 percent. That day saw the premiere of the company’s flagship game, Lords of the Fallen.
On Thursday, CI Games shares fell more than 10% to PLN 4.50. The stock sell-off continued on Friday and the company ended the last session this week down 17.11%. This was the largest decline of all companies from the WIG index during Friday’s prices on the Warsaw Stock Exchange.
“Today is the premiere of Lords of the Fallen and a further drop in the price. Can a similar scenario be achieved here as in the case of the debut of Cyberpunk (CD Projekt)?” – said Marcin Mierzwa, analyst at stooq.pl, in his morning commentary. It’s about the decline in CD Projekt’s share price after the September debut of Phantoms of Freedom – an expansion of the Cyberpunk 2077 story.
The price of CI Games has just reached a 6-month low of PLN 3.73. The company’s securities began to decline in mid-September, and within a month they lost more than a third of their value.
Primera Gray Lords of the Fallen
On Friday, October 13, Lords of The Fallen debuted on PC and consoles. On Thursday, the ban on reviewing games was lifted. The game’s average rating on Opencritic that day was 79/100 points. The game was recommended by 76 percent. Reviewers. In contrast, the rating given by Metacritic on Thursday based on 48 reviews was 76/100 points.
“Lords of The Fallen is a stronghold for players who love action RPGs, especially soul-based ones. It’s a big, complex game and the first true next-gen representative of the genre. It’s also one of the first AAA games to be powered by the latest engine Unreal Engine 5” – said President Marek Tyminski at the end of September, citing the press release. He also announced that the company will share the first sales data by the end of October.
The production budget of Lords of The Fallen, including marketing, is estimated at more than PLN 200 million.
Ya CI Games
CI Games is a Polish company that carries out publishing, production and distribution activities in the global video game market. It has operational studios in Warsaw, Barcelona, Bucharest and the United States. The company was founded in 2002.
CI Games shares are listed on the Warsaw Stock Exchange. In addition, CD Projekt is listed in the WIG20 index, which includes the 20 largest companies on the Warsaw Stock Exchange. Other PC game producers are also listed on the WSE, including 11-bit Studios, Playway, and Ten Square Games.
Main image source: mat. Press statements
“Prone to fits of apathy. Introvert. Award-winning internet evangelist. Extreme beer expert.”