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: http://www.unwinnable.com/2013/05/24/trigger-warning/ Trigger Warning05/25/2013 - 6:37am
beemoh: Unless that pic of a Kinect taped to the underside of a phone is a joke05/25/2013 - 1:58am
beemoh: Kinect being used in prototype to stop people walking into people while texting: http://www.bbc.co.uk/news/health-2263173105/25/2013 - 1:57am
Cecil475: @hellfire7885 - Makes me want to support Nintendo even more.05/24/2013 - 4:49pm
hellfire7885: Man, EA seems to be determined to destroy the Wii U ,and the evidently are so arrogant as to believe not making games for it will do that.05/24/2013 - 4:45pm
DorthLous: Pwahahahha http://www.destructoid.com/wii-u-sales-drastically-spike-after-xbox-one-presentation-254449.phtml#LlG8HEYbQj2krql5.0105/24/2013 - 2:23pm
james_fudge: she gets no credit until she employs some common sense. - 2 credits for her.05/24/2013 - 11:22am
Andrew Eisen: To Stender's credit, she did unmoderate my most recent comment within a day's time. There's even a couple other replies. None from her though.05/24/2013 - 11:18am
james_fudge: apparently gamers are all 14 - 21 years-olds living in basements according to her way of thinking...05/24/2013 - 11:11am
ZippyDSMlee: EZK: 0_o thier video card chipset is at the very least 3 versions behind the top PC video card.......05/24/2013 - 7:38am
MechaTama31: "You just wouldn't understand how my parenting preferences are more important than everybody else's freedoms."05/24/2013 - 7:37am
DorthLous: I love how she plays the "I'm a parent, you're a gamer, you couldn't understand" card... I'm a parent and I find her position despicable...05/23/2013 - 4:16pm
E. Zachary Knight: She didn't address your questions because she doesn't have any answers.05/23/2013 - 3:38pm
Andrew Eisen: I replied to her comment. Maybe in a few weeks I'll get a reply.05/23/2013 - 3:24pm
Thomas Riordan: @Andrew Eisen To what bowling alley does she go that puts sexual images in the faces of 6 year olds?05/23/2013 - 3:17pm
Andrew Eisen: Well, it took a month but Linda Stender finally replied to me... and didn't address a single one of my questions. http://aswlindastender.com/2013/04/23/follow-up-video-games-and-their-effect-on-children/05/23/2013 - 3:13pm
Imautobot: Also, from a tech perspective the PS4 is apparently already winning. http://bgr.com/2013/05/22/xbox-one-vs-playstation-4-specs/05/23/2013 - 3:12pm
Imautobot: Sony's PS4 motto should be "We play games." Microsoft's should be "We play games, when we're not rewinding your tapes."05/23/2013 - 3:11pm
Andrew Eisen: Oh look, Dying Light was just announced For Everything But Wii U. That's 73.05/23/2013 - 2:06pm
james_fudge: Zippy: they said the same thing about Cell. How did that turn out.05/23/2013 - 1:28pm
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