[NX] Nexon Stocks Continue To Struggle
Nexon Co. Ltd. which went public on Wednesday in Japan’s largest initial public offering (IPO) for the year and secured its place as the third largest gaming company in the world behind only Blizzard Entertainment and Electronic Arts, has had its stocks fall for the third day in a row since its public launch, plunging 11.4% on the Tokyo Stock Exchange. This is sad news for Tokyo-based Nexon who raised $1.2 billion in the third biggest technology company IPO for 2011 globally. Stock prices for Nexon Co. Ltd., listed as 3659 on the Tokyo Stock Exchange, stood at 1,100 yen at the end of trading today.
Nexon’s stock prices can be tracked at http://www.bloomberg.com/apps/quote?ticker=3659:JP.