Report: Nexon IPO Worth $1.3 Billion

November 8, 2011 -

Free-to-play MMO company Nexon is planning an initial public offering on the Tokyo Stock Exchange next month, according to a TechCrunch report. The IPO is reportedly worth $1.3 billion USD, or ¥100 billion. The TechCrunch report is based on a report in the Japanese business paper The Nikkei. If the valuation turns out to be accurate, it could make Nexon the most valuable IPO in Japan this year. The IPO will be handled by Nomura Securities, Morgan Stanley and Goldman Sachs, with Nexon expected to be approved for the listing by the end of the week.

Nexon is currently enjoying success as it continues to expand its business into the US market, and hopes to have tens of millions of smart phone users in the not-too-distant future. The company has certainly shifted its focus from just being an MMO company to emerging trends and markets like smart phones and social games.

Source: TechCrunch by way of GI.biz


 
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PHX Corp@Jessy I actually saw it on gamespot, seems that Nintendo accidently turned Samus into a Badass11/23/2014 - 9:28pm
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Andrew EisenNeo - If you're not bleeding then it's probably not you who needs to go to the doctor.11/23/2014 - 5:45pm
Wonderkarpgood. that kind of behavior is unnecessary.11/23/2014 - 5:44pm
WonderkarpGeorgina Young - Are Video Games Sexist? https://www.youtube.com/watch?v=rX9LV4GuG9E11/23/2014 - 5:43pm
ZippyDSMleehttp://deadspin.com/starcraft-player-says-hell-rape-opponent-is-booted-f-1662346891/+Fahey11/23/2014 - 5:40pm
Wonderkarphttps://www.youtube.com/watch?v=O4a9tMGSTG411/23/2014 - 5:32pm
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