Snail, Inc. develops and publishes interactive digital entertainment through Snail Games, with games distributed across platforms such as PC, consoles and mobile devices. Company news commonly covers the ARK franchise, including ARK: Survival Evolved and ARK: Survival Ascended, as well as catalog promotions, downloadable content, player-community updates and financial results.
Recurring updates also include publishing activity under the Wandering Wizard indie label, new releases such as Above The Snow, portfolio additions such as Dead Party, and internally developed projects including For The Stars. The company’s announcements emphasize a broader game pipeline that combines established franchises, indie titles, multiplayer experiences and premium intellectual property.
Snail, Inc. has priced its initial public offering (IPO) at $5.00 per share, offering 3,000,000 shares of Class A common stock. The offering is expected to generate gross proceeds of $15 million before expenses. Trading is set to begin on The Nasdaq Capital Market under the symbol “SNAL” on November 10, 2022, with the expected closing date on November 14, 2022. The underwriters have a 45-day option to purchase an additional 450,000 shares at the IPO price. US Tiger Securities and EF Hutton are the joint book-running managers for the offering.