Gree and Paperboy stocks trade much above IPO prices

Gree (TSE:3632) and Paperboy (JASDAQ:3633) went public on December 17th and 19th respectively as we reported before. Gree’s IPO price is 3,300yen ($33) per share. On 17th, Gree stock opened with 5,000yen ($50), and closed with 4,800yen ($48). Its market capitalization, 107 billion yen ($1B), is larger than Mixi (TSE:2121). Gree issued 1.2 million new… Continue reading Gree and Paperboy stocks trade much above IPO prices

Summary of Gree’s financial statements

Yoshikazu Tanaka founded Gree (JP) in 2004. At first, Gree‘s SNS services were aimed at PC users, but Mixi had greater success in the PC market. So, Gree partnered with mobile phone operator KDDI in November 2006, and entered the mobile market. KDDI holds 7.58 percent of Gree’s shares. Now, 99% of Gree’s 8.3 billion monthly page… Continue reading Summary of Gree’s financial statements

Breaking News: Gree goes IPO

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… Continue reading Breaking News: Gree goes IPO