Its Company Value Doubles in Just 1 Year
Netmarble Games that had made $823 million (1 trillion KRW) in sales last year is pushing for listing of its company. According to Netmarble Games, it is going to hold an IPO briefing session on the 4th for people in charge of IPO (initial public offering) from stock firms. It will be a place where it can explain its company’s strategies such as performance, its next games and others and listen to IPO experts’ opinions.
“We are going to hold an IPO briefing session for stock firms on the 4th.” said a representative for Netmarble Games. “Company’s detailed directions such as listing and others will be announced at NTP (Netmarble Together with Press) that will be held on the 18th.”
If Netmarble is listed, its worth will be close to $5.76 billion (7 trillion KRW). NC Soft mutually exchanged its share with Netmarble Games in last February. Netmarble’s worth was calculated to be about $3.19 billion (3.87 trillion KRW).
Netmarble Games’s business had grown about twice from year 2014 when it made $474 million (575.6 billion KRW) in sales to year 2015 when it made $883 million (1.0729 trillion KRW). Proportion of foreign sales also had increased from 17% to 28%.
Netmarble Games had been pushing for its subsidiaries such as Netmarble Monster and others to be listed. However it switched its direction towards parent company because market variability was too big.
Netmarble Games’ biggest shareholder is Chairman Bang Joon-hyuk, who has 32.36% shares. Followed by Chairman Bang Joon-hyuk is CJ E&M with 32.35%, Tencent with 25.31%, and NC Soft with 9.8%.
Staff Reporter Kim, Siso | siso@etnews.com