Game on: Retailer eyes a float as Grand Theft Auto helps its revival

GAME’s radical turnaround since collapsing into administration in 2012 was underscored yesterday after the retailer revealed that sales had almost doubled over Christmas, paving the way for a potential float. Total sales rocketed 83 per cent in the six weeks to 4 January, helped by the popularity of Grand Theft Auto V. The firm is believed to be eyeing a £300m initial public offering this year just two years after being rescued out of administration by private equity group OpCapita in April 2012. The group is understood to have lined up HSBC, Liberum Securities and Canaccord Genuity to advise on the listing. The company yesterday declined to comment.