Tag: NXC

Nexon Japan will be listed on 14th

Nexon will be listed on the Japanese Stock market on 14th of December. Nexon Japan’s initial offering stock price has been decided at 1,300Yen(US$16.72). The total of 425,388,900 stocks will be issuing on 14th is and 70 million stocks will be offered to new shareholders Nexon Japan’s market cap is 553 billion Yen.($US7,115 million), which is ahead of NCsoft’s market cap.

Nexon Korea is Nexon’s Japan’s 100% subsidiary company. NXC, the holding company, has 71.09% of Nexon Japan’s stokehold. The revenue recorded 934.3 billion Won (US$829 million) last year.

 

[NXC] Nexon Holdings Name Change

Nexon Holdings- a holding company of Nexon Group- legally changed its name to NXC, according to an article from thisisgame.com. (The company claimed that NXC somehow incorporates the meaning of Corporation and Culture in it.)

NXC’s revenue soared to 450.9 billion Won in 2008 (approx. US$ 346.8 M) from 254 billion Won in 2007 (approx. US$ 203.8M). However, the profit shrank to 27.8 billion Won (approx. US$ 21.4M) from 100 billion Won (approx. US$ 76.9M) due to expense increases.