Forgame, a leading web game developer and publisher in China, launched roadshow on Sept. 16 to prepare for the debut on Hong Kong stock market on Oct.3.

The company planned to raise between HK$1.36 billion ($175.39 million) and HK$1.73 billion in IPO at an issuing price between HK$43.5 and HK$55 per share. Industry insiders predicted that the capital raised this time will be invested in expanding mobile gaming business.

Source: TechNode