International online game operator I GOT Games (IGG) raised an unusually high amount through its IPO on the Growth Enterprise Market (GEM) board of the Hong Kong Stock Exchange due to a particularly keen Hong Kong market for online game and mobile game businesses, said a lead lawyer involved.
“As game consoles and arcade games have declined in popularity worldwide, online games have become the driver of growth in the global electronic game market,” Esther Leung, a Hong Kong partner at DLA Piper and the firm’s co-head of capital markets (Asia), told China Business Law Journal.
“Of all the segments of the online game industry, it is notable that the mobile games market segment has expanded rapidly,” she continued. “The growth can be attributed to the development of smart mobile devices and operating systems.”
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