Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<p>The much awaited <strong><a href="https://www.smartkarma.com/entities/22839" target="_blank" data-smartkarma-citation="entities:22839:1">Netmarble Games Corporation (251270 KS)</a></strong> IPO started trading today. It traded as high as 171,500 Won and closed at 162,000 Won, which was 3.2 % higher than IPO price of 157,000 Won. We maintain our fair value price of 170,000 Won for Netmarble Games. Although Netmarble Games shares closed at a higher price than the IPO price, it appears that the threat from <strong><a href="https://www.smartkarma.com/entities/5169" target="_blank" data-smartkarma-citation="entities:5169:1">NCsoft Corp (036570 KS)</a></strong>'s Lineage M mobile game kept Netmarble Games from climbing to higher levels.</p><div class="content-highlight"><p>We warned previously…</p></div>

The much awaited Netmarble Games Corporation (251270 KS) IPO started trading today. It traded as high as 171,500 Won and closed at 162,000 Won, which was 3.2 % higher than IPO price of 157,000 Won. We maintain our fair value price of 170,000 Won for Netmarble Games. Although Netmarble Games shares closed at a higher price than the IPO price, it appears that the threat from NCsoft Corp (036570 KS)'s Lineage M mobile game kept Netmarble Games from climbing to higher levels.We warned previously…

Let the Battle Begin - Netmarble Games Vs. NCSoft!

United States

Glu Mobile Inc. develops and publishes mobile games on a global basis. The Company develops its games and related applications based on third-party licensed brands and other intellectual property, as well as on its own brands and intellectual property.

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Glu Mobile Inc (GLUU US)

Let the Battle Begin - Netmarble Games Vs. NCSoft!

The much awaited Netmarble Games Corporation (251270 KS) IPO started trading today. It traded as high as 171,500 Won and closed at 162,000 Won,...

Douglas Kim

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