Iron Throne: Kingdom — Another Failed Game Release By Netmarble

Summary: Netmarble’s newly released game Iron Throne: Kingdom is a failure based on App Annie data. While the stock did fall to a low of 123,000 KRW in August 2017, it has since recovered since April 2018 due to a timely 25%  investment in a Korean music label that is home to the K-Pop sensation […]

Netmarble’s Game a Bust in the USA – Stock Price Target- 103,000 KRW

Summary Our analysis of Netmarble’s IPO was that it was “priced for perfection”.  While the Lineage 2 game releases has been near perfect in Korea and Japan, its release in the USA has been a bust and the release in China is on hold due to geopolitical tensions. As a result, we predict that Netmarble’s […]

Netmarble Games IPO: A Fast Fade for Lineage 2?

Introduction Netmarble is the largest mobile game publisher in South Korea. The company has just secured investor commitments to buy 16.9 Million shares worth $2.3 Billion in a May 2017 IPO on the Korea KOSPI stock exchange.   This IPO would value the company at $11 Billion based on investor demand at the high end […]

Netmarble IPO: Priced for Perfection

Netmarble is the ninth largest mobile app game publisher in the world and the largest in South Korea. The company is seeking to sell 17 million shares on the Korean KOSPI stock exchange in early May garnering proceeds of between $1.8 Billion and $2.4 Billion USD (all USD figures converted from Korean Won at .00088 USD / Won). Roughly […]