CD Projekt Red Joins WIG20 Index In The Warsaw Stock Exchange
We all knew that CD Projekt Red has become an incredibly powerful company after the release of The Witcher 3, however, we didn’t know what it actually means. Now, the company is announcing that on March 16, 2018, it will enter WIG20, an index of the twenty largest joint-stock companies listed on the Warsaw Stock Exchange.
CD Projekt Red is the first video game development company to enter WIG20, which is a polish elite group in the stock market with giants included as the Lotos group, Orange, or Pekao and BZWBK banks.
GryOnline.pl has also reminded us that more than eight years ago, CD Projekt found itself on the Warsaw Stock Exchange thanks to the acquisition of Optimus, which was also previously present in WIG20.
The WIG20 index is a modified capitalization-weighted index of 20 Polish stocks which are listed on the main market. The index is the underlying instrument for futures transactions listed on the Warsaw Stock Exchange. The base value was set to 1000 as of April 16, 1994.
As Reuters Warsaw stated about the news “Poland’s biggest video games developer CD Projekt will replace IT firm Asseco Poland in Warsaw’s index of the 20 biggest and most liquid companies WIG20 effective from March 17, the bourse said on Thursday”.
The company has been steadily increasing its value and power over the last years, enough to say that in February last year the company was valued at six billion zlotys, which then put it higher than the Japanese Capcom (whose value after the premiere of Resident Evil VII Biohazard was around 5.3 billion zlotys).
CD Projekt Red’s next move is to be present at E3 2018 where it is expected to reveal Cyberpunk 2077. As for the game itself, CD Projekt Red is now showing that it has no use of extra income coming from microtransactions, so there won’t be any in their new title and instead will make sure it is a complete and satisfying experience, possibly bigger than even Wither 3.