In today’s briefing:
- Visional IPO Lock-Up – Shares Have Performed Well, a Small Lock-Up Expiry to Look At
- Lionheart Studio Getting Ready for an IPO as Early as 2H 2022: A Near-Term Negative for Kakao Games
Visional IPO Lock-Up – Shares Have Performed Well, a Small Lock-Up Expiry to Look At
- Visional Inc (4194 JP) had raised US$609m in its Japan IPO in April 2021, where it had been priced at the top end after books were reportedly multiple times covered.
- Visional is a HR technology company based in Japan. The company operates BizReach, an online recruiting platform that helps to connect professional job seekers to direct employers and third-party recruiters.
- The Pre-IPO shareholder, YJ2 Investment, will be released from its lockup on 16th Apr 2022, 360 days post-listing.
Lionheart Studio Getting Ready for an IPO as Early as 2H 2022: A Near-Term Negative for Kakao Games
- Lionheart Studio Corp, which is one of the fastest growing game making companies in Korea, is getting ready to complete its IPO as early as 2H 2022.
- Lionheart Studio is best known for its popular mobile game Odin which ranked first in app market sales right after its launch in June of last year.
- Kakao Games’ share price could fall further as some investors that are enthusiastic about Odin would rather invest invest in Lionheart Studio directly rather than in Kakao Games.
Before it’s here, it’s on Smartkarma
