On August 18, 2020, ME2ZEN LIMITED (ME2ZEN, stock code: A950190) completed its IPO and listing on the Korea Stock Exchange, offering 12,889,592 shares at KRW 29,100 per share. Following its IPO, the company’s valuation reached KRW 375,087,127,200 (approximately USD 316 million). The Korean Exchange listing garnered a lot of attention from institutional and individual investors, both domestically and internationally. 1,304 institutions subscribed to shares worth USD 6.7 billion from July 30 to 31, with a ratio of 1,115:1, setting a new record in South Korea’s gaming industry this year.

Headquartered in Hong Kong, ME2ZEN is a leading game developer focused on global markets. The company has an office in Seoul with R&D teams based in Beijing and other cities. With over 150 million global users, ME2ZEN has forged partnerships with leading distributors and third-party publishers, and also has several products highly ranked on iOS App Store/Google Play. In recent years, the company has played a leading role among mobile game developers in its niche.

As the Chinese legal adviser to the issuer, Jingtian & Gongcheng’s legal team provided one-stop, end-to-end legal services for the IPO and listing of ME2ZEN, including Chinese legal due diligence, issuance of legal opinions, and assistance in managing and responding to regulatory requests, leading to high acclaim from the client.