Japanese Virtual Goods Company Nexon Hires Investment Banks For P.E. Deal Or IPO

Posted Apr 14, 2011

Nexon is a Japanese virtual goods company that has hired Morgan Stanley and Goldman Sachs to prepare for an IPO or for a huge private equity deal. Nexon has been growing at a rapid pace. Revenue has grown 56% to $648 million in 2009 and hit close to $1 billion in 2010. Nexon was started in Korea about 17 years ago. Nexon has published several free online games like Atlantica and MapleStory. It earns revenues through sales of virtual goods in their games. Nexon’s founder is billionaire Kim Jung-Joo. [alarm:clock]