The South Korea-based online game developer Nexon went public on 14 December in Japan with an initial public offering (IPO) worth $1.2bn, Japan’s largest IPO of the year. However, the company’s shares fell by 2.3 percent on its first day of trading.

Specialising in developing free-to-play online games, Nexon recorded a net profit of $296m in 2010. The company generates revenue mainly through the sale of virtual goods. Its popular titles KartRider and MapleStory attract 7.7m active users monthly.

Printer friendly version

Email this article to a friend

Bookmark this

---