: A week after Japanese mobile game company Gumi launched a new studio in Canada
, the company is preparing to go public on the Tokyo Stock Exchange.
According to documents spotted by Tech In Asia
, Gumi has filed for an IPO, and will begin trading on December 18, with a share price of 3,300 yen ($28.43), and a market cap of up to $890 million.
Gumi is currently doing rather well financially, having most recently doubled its revenue year-over-year to $96.2 million. The company is currently making losses, but is said to be on an upward trend, having reduced its losses by 90 percent year-over-year.