Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Tencent Holdings Ltd    0700   KYG875721634

End-of-day quote. End-of-day quote  - 06/23
281 HKD   -0.21%
06/23DJNASPERS : Fiscal Year Net Profit Jumps
06/23 HSI opens up 49 pts at 25,724; H-share up 28 pts at 10,430
06/23 Alibaba, Tencent in Financing by China Unicom
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Tencent : Netmarble Looks Set to Score South Korea's Biggest IPO Since 2010

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2017 | 06:26am CEST
By Timothy W. Martin 

SEOUL--South Korea's largest mobile-gaming company wants to raise up to 2.7 trillion won ($2.4 billion) in a late-April initial public offering, in what would be the country's biggest stock debut since 2010.

In a securities filing Monday, Netmarble Games Corp., which specializes in smartphone games targeting casual players, said it plans to sell 17 million shares valued at 121,000 won to 157,000 won ($107 to $139) a share. At the high end, Netmarble's valuation would be more than 13 trillion won. Final pricing is scheduled for April 24.

The South Korean firm has a big-name backer: Tencent Holdings Ltd., the world's largest videogame publisher by revenue, which owns 22% of Netmarble through an investment fund.

The IPO's lead managers are NH Investment & Securities Co. and J.P. Morgan Chase & Co., according to the filing, with Korea Investment & Securities Co. and Citigroup Inc. serving as managers.

Netmarble, which has developed or produced hits such as "Lineage 2 Revolution" and games involving Marvel and Star Wars characters, said its revenue was 1.5 trillion won in 2016, having grown more than fivefold in two years, according to the filing. Lineage 2, a multiplayer online role-playing game, could be the first South Korean game to surpass $1 billion in revenue, according to industry analysts. Netmarble says it is Asia's fastest-growing mobile-game company.

The Seoul-based firm said the roughly 2 trillion won it raises will go toward paying down existing debt, plus seeding future transactions or investments, according to the filing. Netmarble, like Tencent, has used overseas acquisitions to fuel growth, closing a deal last month for Kabam's Vancouver studio.

South Korea historically has been a subdued IPO market, but it has experienced an uptick in recent years as the country's family-run conglomerates shed off certain divisions. A Netmarble IPO could be the largest since Samsung Life Insurance raised 4.9 trillion won in 2010.

Netmarble says it was established in 2000 and has more than 3,500 employees.

Write to Timothy W. Martin at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TENCENT HOLDINGS LTD
06/23DJNASPERS : Fiscal Year Net Profit Jumps
06/23 HSI opens up 49 pts at 25,724; H-share up 28 pts at 10,430
06/23 Alibaba, Tencent in Financing by China Unicom
06/23 China Unicom Denies Financing from Internet Titans
06/23 TENCENT : China Top 500 Valuable Brands Come Out
06/23 Tech behemoths fuel bike-sharing war
06/23 Ma maps out vision of Silicon Valley in Greater Bay Area
06/23 Ma maps out vision of Silicon Valley in Greater Bay Area
06/23 Tesla moves a step closer to building electric cars in China
06/23 NASPERS : Editor's Note - TILTING AT WINDMILLS
More news
Sector news : Social Media & Networking
06/23DJADRs End Higher; Steelmakers, Online Retailers Trade Actively
06/23 Wall Street ends higher on technology, energy boost
06/23DJALPHABET : Google to Stop Reading Users' Emails to Target Ads
06/23 BlackBerry misses sales forecasts, shares tumble
06/23DJNASPERS : Fiscal Year Net Profit Jumps
More sector news : Social Media & Networking
News from SeekingAlpha
06/22 Alibaba, Tencent among investors putting $10B in Chinese telecom
06/20 GDS Holdings announces data center partnership with Tencent Cloud
06/15 Tencent eyes an Angry Birds acquisition
06/14 Baidu - My SOTP Valuation Shows 44% Upside
06/10 DEAR ACTIVISION : You Forced Take-Two Interactive To Make 'Battleborn' A Free-To..
Advertisement
Financials ( CNY)
Sales 2017 223 330 M
EBIT 2017 72 505 M
Net income 2017 56 244 M
Finance 2017 39 938 M
Yield 2017 0,27%
P/E ratio 2017 40,46
P/E ratio 2018 31,58
EV / Sales 2017 10,3x
EV / Sales 2018 7,78x
Capitalization 2 335 913 M
More Financials
Chart TENCENT HOLDINGS LTD
Duration : Period :
Tencent Holdings Ltd Technical Analysis Chart | 0700 | KYG875721634 | 4-Traders
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 270  CNY
Spread / Average Target 9,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Hua Teng Ma Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Zhi Dong Zhang Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TENCENT HOLDINGS LTD49.15%341 447
FACEBOOK33.33%444 580
TWITTER INC11.35%13 265
LINE CORP-0.37%7 912
SINA CORP55.95%6 249
MIXI INC54.57%5 126
More Results