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

by Jayson Derrick

February 18, 2016 1:10 PM | 1 min read | Make a Comment

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.

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted In: News IPOs Bang Jun-huk Korea Herald Korea Mobile Games Mobile Games Netmarble Games

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Benzinga.com on devices