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Korean financial publicationThe Bellis reporting that long-running Japanese studio SNK is preparing to go public on the stock market, alongside plans to buy up Japanese IPs and help boost profits.
The report suggest that the funds received from sales of SNK stock will be used to acquire already-existing properties, which will then, in-turn, provide further moolah for the company, renown for long running fighting game series such asThe King of FightersandFatal Fury.
SNK hopes to work alongside industry giant Tencent to make the most of these planned acquisitions, and are hoping to increase their annual profit from ¥3.1 billion (as of July 2017) to a projected ¥5-6 billion. SNK have always struggled financially, but have seen theirmost positive figuresin an age thanks toThe King of Fighters XIVand the recentoutpouringof their back catalogue.
In other news, SNK will be holding a 40th Anniversary panel at PAX East on April 6. The panel will featureSNK Heroines: Tag Team Frenzydirector Kaito Soranaka and studio artist Naoto Abe. We can expect new character announcements for the all-gal brawler and other fun surprises.
SNK are preparing to take the company public [The Bell/Resetera]
