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Paradox Interactive is planning to go public this year

UPDATE An IPO is in the cards for Paradox Interactive, as chief Fredrik Wester took to Twitter today to confirm that the 17-year-old company intends to go public this year. 

An IPO is in the cards for Paradox Interactive, as chief Fredrik Wester took to Twitter today to confirm that the 17-year-old company intends to go public this year. 

What's especially intriguing about the long-private company's intent to turn public is that proceeds from sales of shares in the company will presumably afford Paradox an influx of cash, something it recently spent a great deal of in order to take White Wolf Publishing off of CCP's hands.

According to a roughly-translated version of an interview with Wester published today by Swedish-language outlet Di Digital, Paradox is interested in making further acquisitions in the future and expanding deeper into mobile and console game publishing. 

Update: When reached for comment, Wester confirmed these details to Gamasutra and gave the following statement:

"We have grown a lot in the past years and are looking to continue the same way; gaining access directly to the capital market gives great opportunities to make acquisitions like when we bought White Wolf in October 2015. 

We also want to spread ownership to people who work at the company and the people who play our games. We are first and foremost looking for long-term owners who want to take part in the Paradox journey."

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