GREE CEO Tanaka eyeing US listing
We reported last week about Japanese gaming company GREE’s lofty aspirations, aiming for a user base that would rival Facebook’s in size. The company’s CEO Yoshikazu Tanaka has not been shy about sharing his overseas ambitions, pointing to American and Chinese markets as keys for potential growth.
And now this morning Bloomberg is reporting (see video below) that Tanaka is eyeing an overseas listing in the U.S. as well:
Numerous Japanese companies have listed overseas after doing so on the Tokyo Stock Exchange. We would like to consider such an option as well… If the Japanese markets shrink, we would need to be a global company or our business would shrink.
If Japan-based GREE were to IPO, it would follow a number of Chinese internet companies that have done so over the past year, as Renren, Jiayuan, and Qihoo are already listed and there are more on the way.
Gree already has partnerships in place with Tencent and mig33, which should help it expand in China and South East Asia respectively.
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