Online video game retailer Green Man Gaming has confirmed its intention to float in London, making it the third major British company from the industry to go public this year.

Founded in 2010, Green Man Gaming runs an online video game store selling games for PC, PlayStation, the Nintendo Switch and video game platform Steam. The company is set to list later this month at a £100m valuation.

Green Man Gaming reported revenues of £47.5m last year for a loss of £931,000. The company has only received around £6.7m from investors, including venture capital firms like Atomico and Eden Ventures.

The group has around 4.7 million customers on its sites and includes 6,600 games in its catalogue, which are often sold at a discount. The company sells games for services like Steam, but also sells across consoles and PC markets.

Green Man Gaming will list on London's junior AIM market. The City has seen a spate of video game publisher floats in 2018 as investors flock to the fast-growing sector.

The global video games market is expected to grow more than 30pc to £40bn in 2020, driven by rapid growth in China, mobile gaming and video game streaming.