Gravity, a Korean online-gaming company filed for a public offering in the US today. Joining an increasingly crowded field of online gaming companies, Gravity hopes to use the proceeds from the offering to further expand into China. The Company also hopes to replicate the success of China’s Shanda Interactive (ticker: SNDA). More here.
Quick thought: Gravity currently features only one game title. Statistics show that it is harder to produce a successful online game than a successful major motion picture. Should investors do their research before buying into the offering? You bet!