Breaking News: Gree goes IPO

Posted on November 13th, 2008 by Akky Akimoto

Gree Inc. Japanese Social Network Service (SNS) company which has been chasing Mixi in PC web, and Mobage-Town/DeNA in mobile web, seems to be listed on the Tokyo Stock Exchange Mothers (Tosho Mothers) around December 17th. No mentioned on Gree’s company site yet.

Both Gree and Mixi launched in February 2004, seeing orkut’s success which just began the month before, January 2004. At the early stage Gree got more attentions mainly from IT industry workers and university students, but soon find themselves supplanted by Mixi which targeted female and non-technical users. Recently Gree put more power into cellphone SNS with casual Flash games and rumoured IPO for year.

The number of registered users on October 20th 2008 is over 7 million [J]. Mixi’s one is over 15 million at the point of July 14th 2008. [J]

[Update] Arai’s more detailed research has come

See Also:

Tokyo Stock Exchange / Gree [J]

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Author Information  Akky Akimoto is a one of the first pro-bloggers in Japan [J]. He writes also for Asiajin and his personal weblog [J]. He also produces web services including comparison-chart community Narabe.com

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4 Responses to “Breaking News: Gree goes IPO”

  1. The Forrester Blog For Customer Experience Professionals In Japan // Nov 14, 2008 at 6:18 am

    links from TechnoratiAsiajin reports thatGree will make a public offering- following in the footsteps of Mixi. You might recall that Charlene Li calculated that Mixi’s value translated into $200 per user at that time. Young Japanese people have adopted Social Networks in a big way. (But not quite as much as Koreans).

  2. Gree and Paperboy stocks trade much above IPO prices | Asiajin // Dec 22, 2008 at 1:58 am

    [...] Gree (TSE:3632) and Paperboy (JASDAQ:3633) went public on December 17th and 19th respectively as we reported before. [...]

  3. Asiajin » Mobile social network GREE adds 2 million members in 3 months, makes lots of money // Jun 14, 2009 at 12:07 am

    [...] rewards this performance with a market cap that currently stands at a whopping $1.4 billion. GREE, which went IPO in December last year, dwarfs former rival Mixi whose market cap currently reaches just $700 [...]

  4. Asiajin » GREE’s market cap soars past $1.6 billion, now higher than DeNA’s and nearly twice as high as Mixi’s // Jul 1, 2009 at 11:05 pm

    [...] platform is becoming scary, as in bubble-type scary. Stocks are rising and rising since the company went IPO in December last year and the financial situation keeps on improving, [...]

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