Nodwin Gaming eyes IPO momentum, inducts Manish Agarwal to board
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Nodwin Gaming, a subsidiary of Nazara Technologies, is preparing for an initial public offering and has inducted Manish Agarwal to its board. The company aims to raise over $100 million and is working on a pre-IPO fundraise to secure capital from new and existing investors.
Nodwin Gaming is preparing for an IPO and has appointed Manish Agarwal as a non-executive director. The company aims to raise over $100 million in a pre-IPO fundraise. Nodwin is valued at over $400 million and has recently made several top-level appointments. The company is backed by Krafton Inc and Sony Group Corp. Nodwin's IPO plan comes as the entertainment and media industry in India is set to benefit from rising per capita incomes and supportive technological infrastructure. The company is executing a dual-track strategy of maintaining a profitable core while acquiring fast-growing entities.
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