Nexon sets its value at £4.6 billion

Nexon sets its value at £4.6 billion

By Rob Crossley

December 6th 2011 at 3:52PM

Japan firm aims to raise £750 million

Online games giant Nexon has valued itself at £4.6 billion, or £11.52 per share, ahead of the company’s IPO.

The company, which builds various browser games funded through virtual currency, hopes to raise £750 million when it lists on the Tokyo Stock Exchange on December 14th.

Nexon’s public offering will be the biggest in Japan this year if it goes to schedule.