Growthlisted315A

GameForge Studios

ゲームフォージスタジオ

Gaming · Listed 2025-06-18

Price Overview

Offer Price

¥1,250

Range: ¥1,000–¥1,300

First Day Open

¥2,100

First Day Close

¥1,950

Current Price

¥1,529

Post-IPO Returns

1st Day

—

30d

—

90d

—

180d

—

+22.3%

52W High

¥1,742

52W Low

¥1,372

Avg Volume

137,939

Business Description

GameForge Studios is a mid-size Japanese game developer known for mobile RPGs and console titles. Flagship title 'Eternal Legends' has 8 million monthly active users across Asia.

Risk Factors

Hit-driven business model
Mobile gaming market saturation
Talent competition from major publishers

Offering Details

Lead UnderwriterDaiwa Securities

Bookbuilding2025-06-04 – 2025-06-10

Shares (Koubo)2,000,000

Shares (Uridashi)400,000

Overallotment360,000

Lock-up

Typeboth

Period180 days

Price Trigger¥1,875