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Japanese studio Bank of Innovation floats on Tokyo Stock Exchange

Japanese studio Bank of Innovation floats on Tokyo Stock Exchange

Japanese mobile RPG developer Bank of Innovation has launched an IPO on the Tokyo Stock Exchange.

According to industry analyst Dr. Serkan Toto, Bank of Innovation reached a market cap of $77 million. An opening price of $8.65 (¥960) ended up hitting $19.81 (¥2,199) by the day’s end.

Great expectations

Included in the IPO announcement was a statement that Bank of Innovation expects sales of $43 million by the end of the fiscal year this September, with an operating profit of $2.7 million.

The studio currently has two titles driving all its business, keeping its eyes on the Japanese market with RPGs Mitrasphere and Genjuu Keiyaku Cryptract.


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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.

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