Nexon IPO Coming on December 6, Expected to Raise $1.28 Billion [REPORT]

Nexon's Dungeon Fighter at G-Star 2010, koreaittimes.com

The folks over at VentureBeat are reporting this morning that the anticipated Nexon IPO will take place on December 6 in Japan. The report doesn’t cite a source, but earlier news had said that Nexon was expecting to list on the Tokyo Stock Exchange in December.

The Asian game publisher is the creator of titles like MapleStory, Mabinogi, Dungeon Fighter, Dragon Nest, and Combat Arms. Readers may recall from last month that Nexon cooperated with DeNA to bring MapleStory: Mokurano Boken to the popular Mobage platform.

Nexon started out in Korea but now has its headquarters in Japan, and in addition to the upcoming IPO (which is expected to raise a staggering $1.28 billion) the company recently created a joint company with China’s Perfect World, which will help the latter expand its user base in Korea.

Nexon is said to have 1.2 billion registrations and 77 million monthly active users, and perhaps more importantly 600 million virtual items sold last year. Interestingly, the company has managed to capitalize on the Black Friday phenomenon in the past, and will be looking to do so again tomorrow in an effort to clear its ‘virtual shelves.’

For more details about the upcoming IPO, check out the full report over on VentureBeat.

[Photo: Koreaitimes]