CD Projekt's market valuation makes it the second-largest video game company in Europe
CD Projekt is now one of the largest European game companies, second only to Ubisoft by current market valuation.
Just last month, CD Projekt's market valuation was $6.8 billion and yesterday it climbed to $8 billion (via reddit). And that's quite a huge jump compared to 2017 when its valuation stood at $1.6 billion.
Over the years, the company went from being a distributor of foreign games to creating its own under the CD Projekt Red label and eventually launching its own distribution service, GOG.
Comparing it to Ubisoft, the France-based company currently has a market valuation of $9.6 billion. This makes CDP, as of today, the second-largest valued game company in Europe.
The $8 billion market cap for CDP is the value placed on the company should it be sold at a certain time. And the market valuation figures are given to companies that trade on the open market.
It's worth noting market valuation can fluctuate, and sometimes severely. Today, the opening market valuation for CDP is down slightly by