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Nexon receives $1.2 billion in Japanese IPO

Wednesday, 14th December 2011 21:45 GMT By Andrew Groen

Nexon went public on the Tokyo Stock Exchange this week, and managed to rake in a staggering 1.2 billion USD in its IPO. Driven largely by the strength of Maple Story, which is said to be one of the most popular games in the world, Nexon boasted the largest IPO of the year on the TSE.

Nexon claims it has 1.2 billion registered users, of which 77 million are currently active. Their games have a large base in Southeast Asia, particularly in China. Nexon plans to use the cash influx to finance acquisitions.

Nexon was one of the earliest companies to enter the now enormous F2P gaming market.

Via Game Politics.

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