Indian mobile publisher Nazara Technologies is preparing for an IPO that will make it the first public gaming company in the country’s history.
Nazara Technologies expects to gain $156 million from the IPO. The preliminary market value of the company is estimated at $500 million.
In February of this year, Nazara invested $20 million in a five-year plan for the development of Indian esports.
The mobile games market in India totaled $200 million in 2016. It is expected to grow to $3 billion by 2019.
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