Chinese publisher and localizer of Fruit Ninja and Temple Run 2 files for $115M US IPO

Chinese third-party mobile game publisher iDreamsky yesterday officially filed for an initial public offering on US stock exchange NASDAQ (hat-tip to Tech 163). It plans to raise up to US$115 million.

iDreamSky made a name for itself by localizing western games for the Chinese market with great success. Fruit Ninja, and Doodle Jump, Subway Surfers and Temple Run 2 decorate the company’s portfolio. The lattermost peaked at almost six million daily active users and 50 million monthly active users at last count.

Essentially, the company translates and localizes artwork and other content for the Chinese market, then distributes it to China’s myriad of third-party Android app stores. Additionally, it runs the games’ local social media pages and sets up payments for in-game purchases. It even works to shut down clones that imitate its partners’ copyrighted work.

See: China’s Yodo1 to localize games for Korea and Japan with latest $11 million investment

Chinese internet behemoth Tencent, the maker of WeChat, is iDreamsky’s biggest shareholder. Fruit Ninja, one of iDreamsky’s partner games, was will soon be ported to WeChat. Access to China’s most popular messaging app and social network puts iDreamsky in a powerful and lucrative gatekeeper position.

According to iDreamSky’s prospectus, the company has 98.3 million monthly active users and 25.8 million daily active users. iDreamsky was profitable last quarter, with total revenue at US$28 million.