Odin made Lion Heart, submitted by securities report and listed in earnest

'Odin: Valor Rising' (Odin) developer Lion Heart Studio will submit a securities' declaration to the Financial Services Commission on the 30th and promote the competition process for NASDAQ listing.

The total number of shares that Lion Heart Studios will conspire through this listing is 11.4 million shares. Hopeful competition bands are raised from 36,000 to 53,000 won for the competition. The company will confirm the public offering price on October 28-31, and will be subscribed on November 7-8, and aims to be listed in November. The co-representative companies are Korea Investment & Securities and JP Morgan, and NH Investment & Securities and Goldman Sachs are co-hosted.

Founded in 2018, Lion Heart Studio is focusing on game development projects, including mobile MMORPG 'Odin', which was launched in June 2021. 'Odin' is based on the original story and user-friendly business model of the Nordic mythical view, and has achieved the No. 1 sales of Google Play Store in Korea, Taiwan and Hong Kong and the Apple App Store game category since its launch. Prove.

In 2021, Lion Heart Studio recorded sales of W232.5bn and operating profit of W215.3bn.

In the future, Lion Heart Studio plans to expand the worldview through the sequel based on Odin's game IP, which has been successfully built, and actively develop new game IP.