Nazara May Become India's First Public Gaming Company
Indian mobile publisher Nazara Technologies is preparing for an IPO that will make it the first public gaming company in the country’s history.
Nazara Technologies expects to gain $156 million from the IPO. The preliminary market value of the company is estimated at $500 million.
In February of this year, Nazara invested $20 million in a five-year plan for the development of Indian esports.
The mobile games market in India totaled $200 million in 2016. It is expected to grow to $3 billion by 2019.
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