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Chinese publisher Ourgame rumoured to be considering a $150 million IPO

Chinese publisher Ourgame rumoured to be considering a $150 million IPO

Chinese online card and board game developer Ourgame is rumoured to be seeking an IPO on the Hong Kong Stock Exchange.

The company recently received investment of around $16.5 million from PC/mobile publisher KongZhong (KONG), which itself is already floated on the NASDAQ exchange.

That deal was labelled "strategic investment", with the two companies looking to generate co-development, co-marketing and co-distribution synergies through their smartphone and PC game businesses.

Aces high

Ourgame's expertise is providing online casual board and card games in China. It currently operates over 300 titles with cross-platform support for PC and mobile.

Its Dou Dizhu game has been downloaded more than 40 million times on Android in China.

The rumours suggest the company is looking to raise around $150 million.

Recent game IPOs in China include Forgame, which raised over $235 million in October 2013 and online card-focused publisher Boyaa, which raised over $145 million; both companies floated in Hong Kong.

However, it's not all one-way traffic with the NASDAQ-floated Shanda Games and Giant Interactive both considering deals that would take them private.

[source: Bloomberg]


editor-at-large

A Pocket Gamer co-founder, Jon can turn his hand to anything except hand turning. He is editor-at-large at PG.biz which means he can arrive anywhere in the world, acting like a slightly confused uncle looking for the way out. He likes letters, cameras, imaginary numbers and legumes.

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