Japanese mid-core studio Gumi one of the leading developers on the GREE platform has announced its intention to undertake an initial public offering in Japan.
In an interview with TechCrunch, founder and CEO Hiranao Kunimitsu confirmed the firm was "going to IPO" because he doesn't want to "sell my company to others."
His statement is an interesting one, however, if only because a portion of Gumi is already owned by another company: GREE.
Globally speaking
In September 2010, Gumi allocated new shares to the social gaming platform holder, and currently lists GREE as a 'major partner' on its corporate website.
Gumi's existing games include Yakuza Wars, Pirate Wars and Knight Wars all of which are available through the GREE platform. There's no indication that an IPO would change Gumi's close relationship with the Japanese social gaming giant.
Indeed, Gumi may form an integral part of GREE's ongoing attempts to court the western market. Kunimitsu is certainly keen to see his company's games tap into the wider global market.
"If the Japanese part of the industry is only 10 percent to 15 percent of the total market and it's worth $5 billion, globally were looking at a $50 billion market. Maybe thats what its going to be," added Kunimitsu.
"We'll call that the ceiling."
Although nothing is confirmed yet, it seems likely that Gumi will undertake its IPO sometime in 2013.
[source: TechCrunch]
News
Related Articles
News
May 31st, 2017
Berlin-based Playsnak snags $1.2 million investment from Gumi as it pushes further into VR development
as
News
May 8th, 2017
Final Fantasy Brave Exvius passes 20 million global downloads in time for first anniversary
Top Stories
News
6 hours, 56 minutes ago
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
News
9 hours, 47 minutes ago
Mobile Movers: All the latest appointments and job moves from around the industry
News
10 hours, 32 minutes ago
Squad Busters has 20 million pre registrations with 30 million in its sights
News
10 hours, 54 minutes ago
Carry1st's African Cup to feature Call of Duty: Mobile tournament with $15,000 prize pool
News
6 hours, 56 minutes ago
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
Feature
9 hours, 8 minutes ago
Apple and Nintendo's Delta blues: A legal timebomb or just the new normal?
News
9 hours, 47 minutes ago
Mobile Movers: All the latest appointments and job moves from around the industry
Events
GameDev Atlantic 2024 | May 4th | |
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |