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IGN Entertainment, home to such media websites as IGN, GameSpy, Rotten Tomatoes, TeamXbox and FilePlanet, has issued a statement confirming plans to go into floatation. The company has yet to declare the number of shares to be offered or the offer price, but the website IPO Monitor has provisionally valued the company’s IPO at $200 million.
IGN was listed on the stock market back in March 2000 under the symbol SNOW, as the company was then called Snowball.com, before changing to IGNX in 2002. The company was de-listed in August 2003, after an acquisition by investors that took the group private. Since the acquisition the company has grown significantly, with increased traffic and revenues, thanks to growth of established properties such as IGN.com and new brands including GameSpy.
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