IDG, Temasek-Backed IGG Plans Hong Kong IPO


Singapore-based mobile game developer I Got Games (IGG) plans to raise US$123 million through an IPO on the Hong Kong Stock Exchange.

IGG received several millions of U.S. dollars series A funding from IDG Capital Partners in 2007.

The company obtained tens of millions of U.S. dollars series B funding from an investment arm of Temasek Holdings and American publishing house Hearst Magazines International in 2009.

IDG and Temasek Holdings currently own 21.96% and 9.1% of IGG respectively.

 
China Expert network

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