Japanese game developer Gumi’s IPO application to the Tokyo Stock Exchange was approved today. The company will be listed on 9 December.
Gumi was launched in June 2007 to provide a feature phone-based social network service under the same name. Subsequently they entered the mobile game development business and introduced notable titles via DeNA, Gree, and other app distribution channels.
In July 2013, Gumi co-founded a company called Alim in partnership with Fuji Startup Ventures and B Dash Ventures, where they introduced a global smash-hit gaming title Brave Frontier. The company partnered with Japanese messaging company Line in August.