Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 3, 2015
arrowPress Releases
August 3, 2015
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Nexon $1.2B IPO Listing On December 14
Nexon $1.2B IPO Listing On December 14
December 5, 2011 | By Mike Rose




Following reports last month that online game publisher Nexon was heading for an initial public offering, the company has now set the price of the IPO at 91 billion ($1.2 billion).

Reports in November said that the company was aiming to raise 100 billion ($1.3 billion) in total as part of the IPO, after moving its headquarters to Tokyo earlier this year.

According to business website Reuters, Nexon has now settled for a slightly more conservative valuation, yet this is still the biggest IPO that Japan has seen this year.

The company will sell shares at 1,300 ($16.68) each when it lists on the Tokyo Stock Exchange on December 14, with a market value of 560 billion ($7.2 billion).

Takashi Matsumoto, a director at Okasan Securities, said that the recent security breach in Nexon's MapleStory game most likely led to the decreased valuation.

"There has been increasing caution among investors, which is why it did not come in at the top of the 1,200-1,400 range," he stated.

San Francisco-based social games giant Zynga also revealed just a few days ago that it has priced its own IPO, and will begin trading later this month.


Related Jobs

Bartlet Jones Supernatural Detective Agency Inc.
Bartlet Jones Supernatural Detective Agency Inc. — San Diego, California, United States
[08.03.15]

Technical Artist / Tools Programmer
Nordeus
Nordeus — Belgrade, Serbia
[08.03.15]

Lead Game Designer
Ready At Dawn Studios
Ready At Dawn Studios — Irvine, California, United States
[07.31.15]

Senior Level Designer
Sanzaru Games Inc.
Sanzaru Games Inc. — Foster City, California, United States
[07.31.15]

Animator









Loading Comments

loader image