Developer to go public on December 18th

Japanese mobile gaming firm Gumi files for IPO

Japanese mobile gaming company Gumi has filed for an IPO on the Tokyo Stock Exchange.

As reported by Tech in Asia, the flotation will take place on December 18th, launching with a share price of $28.43 and a market cap of $890m.

Earlier this year Gumi raised some $50m in funding, and subsequently opened a host of new offices around the world, including most recently in Vancouver.

The company has seen success in the mobile space in recent years thanks to titles such as Brave Frontier, doubling its revenue year-on-year from 2013 to 2014 to $96.2m.

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