Gamevil Plans IPO – UPDATED

July 22nd, 2009 by Arjan Olsder Posted in Companies & M&A | No Comments »

Gamevil By the end of this month, Gamevil will be a listed company on the Korean stock trading market (KOSDAQ). By taking this step, the company hopes to raise $10.1 million.

The company will be giving out 840.000 shares priced at 15.000 KRW. This translates to a total of 12.6 billion KRW or $10.1 million. In 2008, the company turned over 15.4 billion KRW in sales and had a profit of 5.3 KRW. Tong Yang Securities will be managing the offer.

UPDATE – Volker found more details on the value of this deal;

"Gamevil’s very own, indominable Kyu C Lee (@kyuclee) was kind enough to share with me the total number of shares in relation to Gamevil’s IPO (on which I reported earlier today).
The total number of shares in the company is 5,484,780. Therefore, the
company is floating stock representing c. 14.5% of the total, which
values them at a fairly impressive $145m 69.65m or so."

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    Arjan Olsder is the Vice President of Pixalon Studios. Opinions expressed on this publication do not have to represent those of Pixalon Studios.


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