Wednesday, December 14, 2011

Science News Headlines | Latest Science News Articles – Yahoo! India News: Games company Nexon opens up on Tokyo debut

Science News Headlines | Latest Science News Articles – Yahoo! India News
Latest Science news headlines from Yahoo! India News. Find science news articles, videos, pictures and in-depth Science coverage from India and around the world.
Games company Nexon opens up on Tokyo debut
Dec 14th 2011, 01:38

TOKYO (Reuters) - Online gaming firm Nexon Co , a fast-growing Asian rival to U.S.-based Zynga, opened up slightly at 1,307 yen on its Tokyo trading debut on Wednesday, following its $1.2 billion IPO, Japan's biggest this year. The IPO was priced at 1,300 yen. Nexon, founded in South Korea almost two decades ago, offers PC-based games for free, while charging users small fees for in-game virtual items such as clothing for avatars -- a so-called freemium model that analysts see as relatively recession-proof. The broader market was down 0. ...

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