(TradingMarkets.com)
Leading online gaming publisher IP E-Game Ventures Inc. (IP E-Games), a subsidiary of publicly listed technology firm IPVG Corporation (PSE:IP), is now a member of the Philippines bourse following listing ceremonies at the Philippine Stock Exchange (PSE) Wednesday.
The stock will trade on the PSE under the symbol EG.
The listing ceremony comes after IP E-Games secured approval from PSE last Feb. 1 for the initial listing by way of introduction of 33,545,554 common shares, under the Second Board of the PSE, at an indicative reference opening price of P50 per share.
In a ceremony held at the trading floor of PSE trading floor in Ayala, Makati City, IP E-Games chief executive officer Enrique Y. Gonzalez sounded the PSE opening bell at 9:30 am to mark its debut as a publicly listed company.
IP E-Games is one of the leading online game publishers in the Philippines, with over 11 million registered gamers all over the country as of the end of 2009.
IP E-Games offers a portfolio of online games, including massively multi-player online role-playing games (MMORPGs) and casual online games.
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