The Wakefield-based video game developer and publisher is up 134.4% since its May 2018 IPO and 42.1% year to date.
According to AIM portfolio manager at Sarasin & Partners Hugo Wood: "The business, which is credited with the successful Worms franchise, is still run by one of the founders, who remains a significant shareholder.
"The video game market has enjoyed strong growth for several years.
"The larger console-based games saw some disruption in 2018 thanks to the arrival of Fortnite and a new 'freemium' games category, but has now swiftly resumed its trajectory. Indie games are smaller, cheaper to develop, and are usually consumed through a PC platform such as Steam.
"This more entry-level segment of the market has been well adopted by consumers both before and during the Covid-19 pandemic, and is expected to continue to grow strongly for the foreseeable future, assisted by the launch of a number of video game streaming platforms.
"Team17's development pipeline is at record levels, which will continue to drive revenue and margins in the coming years."
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