Thu, Nov 24, 2011 | 01:50 GMT
Rumour – Nexon to go public at $1.28 billion in December
VentureBeat has heard whispers that Maple Story and Combat Arms publisher Nexon will make its initial public offering on the Tokyo Stock Exchange come December 6. The online game provider is expected to bring in $1.28 billion, putting its market value at $8.97 billion – far outweighing other giants of the industry, including EA at $6.99 billion.
In its IPO filing, Nexon boasted of eight games which have generated $100 million in lifetime revenues, including three with over $300 million in and one of more than $400 million. It now hosts 57 online games in 104 countries.