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

End-of-day quote. End-of-day quote  - 03/27
224.8 HKD   -0.18%
05:56pDJTENCENT : China's Tencent Buys 5% Stake in Tesla -- 3rd Update
05:27p CHINA’S T : TSLA) for $1.8B
02:33p HSI opens up 135 pts at 24,329; H-share up 70 pts at 10,432
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 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 timothy.martin@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
05:56pDJTENCENT : China's Tencent Buys 5% Stake in Tesla -- 3rd Update
05:27p CHINA’S TENCENT BUYS 5% STAKE : TSLA) for $1.8B
02:33p HSI opens up 135 pts at 24,329; H-share up 70 pts at 10,432
02:31pDJTENCENT : China's Tencent Buys 5% Stake in Tesla -- 2nd Update
02:22pDJTENCENT : China's Tencent Buys 5% Stake in Tesla -- Update
02:10pDJTENCENT : China's Tencent Buys 5% Stake in Tesla
12:21p TENCENT : Didi Chuxing Considers Financing from Softbank
03/27 HSI opens down 122 pts at 24,235; H-share -59 pts at 10,418
03/24 HSI opens up 68 pts at 24,396; H-share up 29 pts at 10,516
03/24 EXCLUSIVE : HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl Ri..
More news
Sector news : Social Media & Networking
05:42p Amazon clinches deal to buy Middle East online retailer Souq.com
04:27p Facebook adds camera features, moving closer to Snapchat
02:15pDJFACEBOOK : Eyeing Snapchat, Launches New Camera Features
03/27DJVISA : U.S. Supreme Court Won't Review Visa, Mastercard Fees Case -- 3rd Update
More sector news : Social Media & Networking
News from SeekingAlpha
11:59a Tencent's Growth Is In Full Swing
10:38a TECH BRIEF : Amazon Targets Middle East; Apple Invades India
08:33a What to know about the Tencent-Tesla development
07:27a Tencent discloses 5% stake in Tesla
03/23 Tencent leads $350M investment round in Kuaishou
Financials ( CNY)
Sales 2017 209 433 M
EBIT 2017 68 439 M
Net income 2017 55 191 M
Finance 2017 57 505 M
Yield 2017 0,31%
P/E ratio 2017 34,03
P/E ratio 2018 26,62
EV / Sales 2017 8,74x
EV / Sales 2018 6,68x
Capitalization 1 887 580 M
More Financials
Duration : Period :
Tencent Holdings Ltd Technical Analysis Chart | 0700 | KYG875721634 | 4-Traders
Full-screen chart
Technical analysis trends TENCENT HOLDINGS LTD
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 223  CNY
Spread / Average Target 12%
Consensus details
EPS Revisions
More Estimates Revisions
Hua Teng Ma Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Yu Xin Ren COO & President-Interactive Entertainment Group
Shek Hon Lo Chief Financial Officer & Senior Vice President
Zhi Dong Zhang Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK INC21.96%405 522
TWITTER INC-8.04%10 896
LINE CORP2.00%8 086
SINA CORP19.94%5 168
MATCH GROUP INC-5.96%4 116
More Results