Blog
IAH secures US$14.2 million from global investors
6 February 07
Infocomm Asia Holdings Pte Ltd (IAH), a Singapore-based distributor and operator for top-rated Massively Multiplayer Online Role-Playing Games (MMORPGs), has successfully secured another round of investments worth US$14.2 million from two global investors – NASDAQ-listed GigaMedia Limited (GigaMedia) and SoftBank’s Bodhi Investments LLC. The value of each IAH share was pegged at US$20. This represents a doubling of the value of IAH shares since it completed its seed round of financing in September 2006 which raised a total of US$10 million from prestigious shareholders including Infocomm Investments Pte Ltd, a wholly-owned subsidiary of the Infocomm Development Authority of Singapore (IDA), Commerzbank Asset Management Asia Ltd (CAM Asia) and The9 Limited (The9). The value of IAH shares was US$10 per share then.
Read the full press release here.