Nexon IPO to be Japan's biggest of the year at $1.3bn

Games developer Nexon is expected to raise approximately $1.3bn as part of its Initial Public Offering (IPO) in Tokyo. This would equate to the biggest Japanese IPO of the year. The IPO is expected to result in a market valuation of over $7bn. Nexon, a South Korean developer of online games such as KartRider is believed to have chosen the Tokyo exchange for its IPO because of its large standing within the global games industry.

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