Here?s How Nexon Has Quietly Outperformed Zynga Since Both Of Their IPOs Last Year

Here in these parts, we may write a tad too much about our Silicon Valley gaming brethren like San Francisco's Zynga and Redwood Shores' Electronic Arts. But there's actually a company that's worth quite a bit more and has outperformed both since its IPO last December. It's Nexon, a free-to-play gaming company that started out in South Korea and quietly grew a handful of titles into multi-billion dollar franchises over the last decade (see the chart below). The Tokyo-based company went public the same week Zynga did in December. Its shares have climbed 15 percent while Zynga's have fallen more than 20 percent since their debuts. Now Nexon's worth $7.9 billion while Zynga has a $5.5 billion market cap.

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