[NX] Nexon Looking At US$10 Billion For IPO
I knew that Nexon’s initial public offering (IPO) that will take place next year would be huge, but I didn’t expect it to be this big. Nexon is looking at an IPO of over US$10 billion when the company goes public in Japan in 2012. This will be one of the world’s largest IPOs. And everyone thought that Zynga’s recent IPO of US$1 billion was big.
Nexon is a 17 year old Korean gaming company with over 1.14 billion registered users worldwide and 2011 revenues are expected to surpass $1 billion as Nexon becomes the first Korean gaming company to hit 1 trillion won in revenue.