The video game video game company that raised $1 billion in equity in May said Thursday it would go public.
In a filing with the U.S. Securities and Exchange Commission, ZeniMax Media said it would issue a $1,000 bond offering to the public.
ZeniMAX shares are up roughly 26% this year.
The company, which has raised $8.5 billion, is best known for its games like The Walking Dead, Doom, and Borderlands.
The stock market had been expected to move higher with investors believing the company had more than enough cash to cover the initial public offering.
The news of the bond offering comes as the company has seen its stock price fall over the last few months.
On Wednesday, Zenimax announced that it would cease production of The Walking Dark series, which had been one of its most popular franchises.