Although many financial analysts and industry executives predicted that THQ would close, the Saints Row and WWE publisher has successfully staved off a critical blow to their company’s image while keeping their business afloat. After a massive stock consolidation and corporate shuffle, THQ is safely maintaining its stock market listing.
For any company the size of THQ, being delisted from the NASDAQ stock is almost a kiss of death, especially considering how valuable the publisher used to be in better times. But now that their stock portfolio has merged into 7 million shares rather than 70 million, THQ’s price per share sits at $5.16 this morning, well above the $1 minimum listing limit.
Now that company is more stable with scaled-back finances and new president Jason Rubin at the helm, the publisher can hopefully put more focus on their upcoming titles.
THQ’s next big releases this year are Darksiders II and WWE ’13, with Warhammer 40,000: Dark Millennium, Metro: Last Light, Homefront 2, and South Park: The Stick of Truth set for 2013 in various months. Plans for a new UFC title were cancelled earlier this year when THQ sold their licensing rights to EA for an unclosed amount.
Source: THQ, Business Wire