CD Projekt Red sees market price fall by almost 25%

1 year 9 months ago

CD Projekt Red has seen its share price tumble since reports of mandatory six-day workweeks and another Cyberpunk 2077 delay came to light.

Though it was valued at £5.2bn ($6.8 billion) in January 2020, this had raised to £6.1bn ($8 billion) in February following the release of the acclaimed The Witcher 3 on Nintendo Switch - sending its sales rocketing by 500 per cent - and the success of its Netflix show. It's market cap eventually peaked at £7.4bn ($9.6bn) in August, with individual shares selling for £90 ($116.50).

Now, however, CD Projekt Red's share price has tumbled to around £65 ($85), which is a fall of around 25 per cent (thanks, GI.biz), knocking almost £2 billion from its market cap, the lowest value the company has been since April 2020.

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