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Gamevil outlines $10m IPO plan
Jul 21st 2009 at 16:47 by Stuart O'Brien
South Korean mobile games publisher Gamevil says it will list on its local market on July 30th. it plans to offer 840,000 shares at KRW 15,000 per share to raise KRW 12.6bn ($10.1m).
The company, which says it generated sales of KRW 15.4bn and net profit of KRW 5.3bn in 2008, will list on KOSDAQ (Korean Securities Dealers Automated Quotations), with Tong Yang Securities acting as the sole manager for the offering.
Gamevil is probably best known in western markets for its one-button casual games and exporting its Baseball Superstars franchise, which has now sold 10 million downloads globally.
It also started offering in-game mobile ad inventory to the likes of Coca-Cola back in January last year.
Story originally published on Mobile Entertainment
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