$1 billion Nexon IPO 'dated for December'

$1 billion Nexon IPO 'dated for December'
Craig Chapple

By Craig Chapple

November 24th 2011 at 10:05AM

Free-to-play publisher 'could be worth more than Electronic Arts'

Online firm Nexon is expected to go public on December 6th in Japan in a move that could raise the company $1.2 billion, according to reports.

The IPO could give Nexon a market value of between $7.69 billion and $9 billion, Venturebeat has claimed.

This would make the South Korean company worth more than publishing giants Electronic Arts, currently valued at $7 billion.

Nexon, which publishes free-to-play games MapleStory and Dungeon Fighter, claimed in its IPO filing that it has eight games that have generated over $100 million in lifetime revenues.

It also said that three of those had garnered more than $300 million in revenue, whilst another had made more than $400 million. It also said that two games combined had lifetime revenues of over $1.5 billion.

The online firm has 57 games in 104 countries, and has released other titles such as Combat Arms and KartRider, the latter of which has more than 270 million registered users.