Well known for its board and card games, Chinese web/mobile developer Boyaa Interactive is about to IPO.
According to TechInAsia, the outfit - one of PocketGamer.biz top 30 Chinese developers in 2012 - will see its shares floated on the Hong Kong stock exchange on 31 October.
Coming up trumps
Previously owned by global public relations and communications firm outfit Burson-Marsteller, the company expects to raise around $130 million.
This cash will be used to expand all operations, ranging from new games and technology, to more advertising and promotion, and potential acquisitions.
Boyaa Interactive currently has over a dozen live games, including chess, poker, dice and Mahjong games on iOS and Android.
For the first year of 2013, it reported sales of around $510 million (RMB 3.1 billion) and $17 million (RMB 104 million) in profit.
[source: TechInAsia]