serkan AT kantan-games.co.jp

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enish Goes IPO At The Tokyo Stock Exchange, Reaches US$40 Million Market Cap

Tokyo-based social game maker enish got listed at the Tokyo Stock Exchange’s Mothers section for startups today (ticker: 3667), as announced last month.

The stock price went up from 800 Yen to 1,360 Yen, helping the company to reach a 3.3 billion yen (US$40 million) market cap. In other words, enish’s IPO was relatively small.

To put the number into perspective, here are the current market caps for other listed social game providers in Japan:

  • Voltage: US$55 million
  • Drecom: US$115 million
  • Crooz: US$145 million
  • KLab: US$187 million
  • Ateam: US$364 million

enish is a close GREE partner. US tech blog VentureBeat recently mentioned the company’s IPO in a detailed article on mobile gaming in Japan.

Another Tokyo-based mobile game maker, Colopl, will get listed on Thursday.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.