Nexon Targeting $1.3 Billion IPO Valuation

November 8, 2011, 12:00AM

Nexon is planning an IPO for the Tokyo Stock Exchange in December. The Korean online gaming company is reportedly targeting a $1.3 billion valuation, which would make it the most valuable IPO in Japan this year.

Nexon’s IPO will be handled by Nomura Securities, Morgan Stanley and Goldman Sachs, with approval for the list expected by the end of the week. Nexon hopes to reach a market cap of $7.7 to $9 billion, which would compare favorably to the two biggest listed domestic online/social gaming companies in Japan with GREE at $8.3 billion and DeNA at $5.4 billion.

Source: TechCrunch

NEWFRONTS

BY Carla Rover|

May 11, 2023 10:27am

brought to you by a.network

BY Carla Rover|

February 21, 2023 3:57pm

brought to you by Social Index

BY Carla Rover|

May 11, 2023 10:10am

We are committed to protecting your data. As part of this commitment, we’ve updated our Privacy Policy to make it clearer and easier to understand. No action is required on your part, but we encourage you to read and become familiar with our updated policy and Terms Of Service.

Thank you for your continued support and readership.

-The AList Team

Nexon Targeting $1.3 Billion IPO Valuation

Recommended For You