CD Projekt shares have been falling for a while now, undermining its position in the Polish games market. According to the latest report, Techland is now valued more than the Cyberpunk 2077 developer.
Source: CD Projekt’s Twitter
- CD Projekt has long been the biggest game company in Poland. However, it now has a market cap of less than PLN 10 billion (around $2.07 billion), Business Insider Polska reported on July 13.
- This is a significant drop compared to the end of 2020, when the company’s business was valued at around PLN 40 ($8.2 billion).
- Meanwhile, CD Projekt’s rival Techland is now going up. The company has a market cap of around PLN 10.6 billion ($2.2 billion).
- Since the Dying Light developer is still a private company, it is hard to accurately calculate its market valuation. So this is just an estimate that one Techland share might be worth PLN 60 (based on the redemption of shares that happened this year).
After releasing Dying Light 2 earlier this year, Techland has ambitious plans. The company is now working on an AAA RPG led by former The Witcher 3 developers.
CD Projekt also has some big plans for the coming years, including a new Witcher game and the upcoming Cyberpunk 2077 expansion. However, the company has been struggling in the stock exchange, with its shares recently dropping to 2018 lows.