Boyaa Interactive set for $130 million IPO in Hong Kong

Shares to be traded from Thursday

Boyaa Interactive set for $130 million IPO in Hong Kong

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 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]

Contributing Editor

A Pocket Gamer co-founder, Jon is Contributing Editor at which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.