Nexon Looks to Raise $1.3 Billion with Japan IPO

Nexon is preparing for an initial public offering on the Tokyo Stock Exchange that could make it the biggest IPO in Japan this year.
Free-to-play game publisher Nexon is getting ready for an initial public offering (IPO) on the Tokyo Stock Exchange next month. The publisher is aiming to raise ¥100 billion or $1.3 billion. If they’re successful, the publisher could become the biggest IPO for Japan thus far this year.

Nomura Securities, Morgan Stanley and Goldman Sachs will be managing Nexon's IPO. Nexon is expected to be approved for the listing later this week.

Nexon publishes a number of free-to-play titles that include Atlantica Online, Vindictus, MapleStory, Combat Arms, Sudden Attack, Mabinogi, Dungeon Fighter Online and Dragon Nest.

Source: Techcrunch

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