Online gaming giant Nexon seeks $1.3 bn. at Tokyo IPO

2 years ago by in Japan Archives, National

Korean online gaming company Nexon intends to list on the Tokyo Stock Exchange in December and get up to Y100 billion ($1.3 billion), the Japanese press reports. It would be the biggest initial public offering (IPO) in Japan up to now during this year.

The company plans to reach a market value of Y600 to Y700 billion ($7.7 to $9 billion).

The IPO will be managed by Nomura Securities, Morgan Stanley and Goldman Sachs.

Other big names in the social gaming area who are already listed are GREE and DeNA.

Nexon was founded in South Korea in 1994 and currently has about 3,000 employees. It recently moved its headquarters to Tokyo and also has offices in Korea, United States and Europe.

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