Market Overview

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."

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"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.

Posted-In: Bang Jun-huk Korea Herald Korea Mobile Games Mobile GamesNews Rumors IPOs Tech


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