One Of Korea's Largest Mobile Game Company Might Go Public In America

According to the Korea Herald, Netmarble Games, the country's second largest game developer, is eyeing an initial public offering late this year either in the U.S. or domestically as part of a global expansion plans. The Korea Herald noted that Korea-based analysts peg the company's valuation at around 4 trillion won, or $3.3 billion. The company's revenue exceeded 1 trillion won last year, mostly due to its mobile hit games including "Monster Tarming," "Everyone's Marble," "Seven Knights" and "Raven." "Through the IPO, we will make more aggressive investments for merger and acquisitions and global business overall." the Korea Herald quoted Netmarble's founder and senior adviser Bang Jun-huk as saying at a press conference. ""Netmarble will become a pioneer for the global success of the Korean game industry." Jun-Huk also added that the company will convey its IPO plans after seeking advice from IPO advisers.