News

King of Fighters creator SNK and RPG dev Vespa set for South Korea flotations

King of Fighters creator SNK and RPG dev Vespa set for South Korea flotations

King of Fighters studio SNK and mobile RPG developer Vespa are both preparing to launch IPOs in South Korea this year.

According to industry sources speaking to The Investor, the two companies are hoping to follow firms like Nexon and Netmarble by floating shares in the country.

Going public

Vespa has plans to file for a preliminary screening at Kosdaq in July. Last year, the company brought in $27.9 million in 2017, a huge increase from $90,000 the year prior.

SNK meanwhile filed for a pre-IPO consultation on the Kosdaq last month. The Japanese firm has been around for decades, responsible for games like The King of Fighters and the Neo-Geo line of consoles.

News of these two companies going public follows that of South Korean games publisher Kakao Games undergoing a preliminary screening on the Kosdaq last month. Kakao intends to launch its IPO by the end of the year.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies