Nexon's $1.2bn IPO set for December 14

Publisher may use proceeds to invest in third-party developers

Japanese online gaming firm Nexon has fixed the price for its $1.2 billion initial public offering and will list on the Tokyo Stock Exchange December 14.

Shares will sell at ¥1300 each with Nexon raising ¥91 billion ($1.2bn) with a market value of ¥560 billion.

According to Reuters, Nexon plans to use ¥9 billion for a new building for Nexon Korea, pay off debt with ¥14 billion and use the remainder of the proceeds on upgrading systems with the possibility of investment in third-party game developers.

The IPO is Japan's largest since Otsuka Holdings floated in December last year, for ¥160 billion.

Related stories

FIFA, Dungeon & Fighter boost Nexon's nine-month results

"Impairment losses on prepaid royalties" for LawBreakers didn't prevent major increases in revenue and profit

By Matthew Handrahan

Nexon picks up Pixelberry

South Korean publisher picks up narrative-focused mobile game studio behind Choices

By Brendan Sinclair

Latest comments (2)

Allan Simonson Co-Founder, Boomzap5 years ago
[link url=

Surely Nexon Co. Ltd is a South KOREAN company, no? They're HQ'ed in Tokyo at the moment though, presumably due to a more receptive stock market.
0Sign inorRegisterto rate and reply
Vincent Carté Producer/Artist 5 years ago
Nexon is Korean... 넥슨
0Sign inorRegisterto rate and reply

Sign in to contribute

Need an account? Register now.