Netmarble – Game developer aims to raise USD 2.4 billion in IPO offering

South Korea’s biggest mobile games developer and the world’s ninth-largest game publisher in terms of in-app revenue, Netmarble Games, today announced plans to raise as much as 2.66 trillion won (USD 2.4 billion) in an initial public offering (IPO). It will also invest 5 trillion won for mergers and acquisitions (M&A) in the future. Netmarble most recently bought Kabam’s Vancouver studio last year.

Netmarble Games plans to launch Lineage II: Revolution in Japan in the 3rd quarter of 2017, followed by China under Tencent late this year. It was mentioned that the company is preparing for the global release of the game through a customized marketing strategy for each region, though no schedule was mentioned. The game earned USD 176 million in the first month of launch in South Korea.