Science News Headlines | Latest Science News Articles – Yahoo! India News: Zynga rival Nexon's Tokyo IPO set at $1.2 bln -source

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Zynga rival Nexon's Tokyo IPO set at $1.2 bln -source Dec 5th 2011, 04:26 TOKYO (Reuters) - Online gaming firm Nexon Co will raise $1.2 billion after setting the price of its initial public offering at the mid-point of a pre-set range amid solid demand from investors, a source with knowledge of the matter told Reuters on Monday. Nexon will sell shares at 1,300 yen each after sounding out institutional and retail investors for the global offering last week, settling on the middle of a tentative range of 1,200-1,400 yen, the source said. The pricing comes after U.S. ...

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