Korean mobile-game maker Gamevil will start trading on the Korean stock exchange, KOSDAQ, starting July 30. The initial public offering is not a surprise since the company registered back in April. Release.
Gamevil plans to offer 840,000 shares at 15,000 KRW (US $12) a share to raise 12.6 billion KRW ($10 million). In 2008, it said it earned a net profit of 5.3 billion KRW ($4.3 million) on revenues of 15.4 billion KRW (US $12.4 million).
The company, founded in 2000, did not say what it was going to use the capital for, but it is known for its “one-button casual gaming” experience, and is likely best known for its Baseball Superstars franchise, which has now sold 10 million downloads globally, reports mobile-ent.biz.

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