Lion Heart Studio submits a securities report… November listing target

** -Resend to predict demand from October 28 to 31, November 7 and 8 subscriptions goals for the November NASDAQ market.

Lion Heart Studio, a developer of the mobile RPG (Odin), will submit a securities report to the Financial Services Commission today (30th) and promote the competition process for NASDAQ listing.

The total number of shares that Lion Heart Studios will conspire through this listing is 11,400,000 shares. Hopeful competition bands are raised from 36,000 to 53,000 won.

From October 28th to 31st, the public offering price is confirmed by demand forecasts, and subscriptions on November 7 and 8 are aimed at listing in November. The co-representative companies are Korea Investment & Securities and JP Morgan, and NH Investment & Securities and Goldman Sachs are co-hosted.

Founded in 2018, Lion Heart Studio is focusing on game development projects, including the mobile MMORPG , which was launched in June 2021.

Odin is based on the original story and user-friendly business model of the Nordic mythical view, and has achieved the No. 1 sales of Google Play Store in Korea, Taiwan and Hong Kong and the Apple App Store game category since its launch. Prove.

In 2021, Lion Heart Studio recorded sales of W232.5bn and operating profit of W215.3bn.

In the future, Lion Heart Studio plans to expand the worldview through the sequel based on the game IP of Odin, which has been successfully built, and actively develop new game IP.