Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
03/20/2017 | 06:26am CET
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
04:31p TENCENT : Positive takeaways from Tencent's NDR - MacQ
08:34a HSBC : HSI opens up 28 pts to 29,227; H-share down 27 pts to 11,580
11/18 TENCENT : HSI ends up 231 pts at 29,250 midday; turnover at HK$66.1bn
11/18 HSBC : HSI opens up 195 pts to 29,214; H-share up 114 pts to 11,648
11/17 GRIDSUM : Tencent Cloud and Shandong Guohui to Jointly Develop Industrial Intern..
11/17 HSI opens up 112 pts to 28,963; H-share up 25 pts to 11,438
11/17 TENCENT : Nomura ups Tencent Holdings to HK$458
11/16 Hong Kong IPO surge challenges New York in battle for China listings
11/16DJAsia's Big Tech Firms Confound Analysts -- WSJ
11/16 TENCENT : profit surges on strong smartphone games revenue
More news
News from SeekingAlpha
09:36a Tencent crosses $500B market cap
11/17 Tencent's (TCEHY) CEO Pony Ma on Q3 2017 Results - Earnings Call Transcript
11/17 Tencent invests $150.82M in online ticketing platform
11/16 China-Based LexinFintech Files For $500 Million U.S. IPO
11/16 Tencent leads $400M round for Chinese robotics unicorn
Financials ( CNY)
Sales 2017 239 B
EBIT 2017 78 248 M
Net income 2017 63 590 M
Finance 2017 63 525 M
Yield 2017 0,21%
P/E ratio 2017 50,60
P/E ratio 2018 40,09
EV / Sales 2017 13,3x
EV / Sales 2018 9,45x
Capitalization 3 250 B
Duration : Period :
Tencent Holdings Ltd Technical Analysis Chart | 0700 | KYG875721634 | 4-Traders
Technical analysis trends TENCENT HOLDINGS LTD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 369  CNY
Spread / Average Target 7,8%
EPS Revisions
Hua Teng Ma Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Zhi Dong Zhang Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
NASPERS LIMITED88.75%113 256
NETFLIX56.06%83 604
WEIBO CORP (ADR)185.05%25 303
COSTAR GROUP INC61.67%11 015
58.COM INC (ADR)163.71%10 894