Future Tech

Indian gaming firm Nazara's shares jump over 80% in market debut

Tan KW
Publish date: Tue, 30 Mar 2021, 02:41 PM
Tan KW
0 465,493
Future Tech

BENGALURU - Shares of Indian mobile gaming platform Nazara Technologies Ltd surged more than 80% in their market debut on Tuesday, reflecting investor enthusiasm for technology firms in a frenzied period for public listings.

Shares opened at 1,990 rupees ($27.34) and rose as much 83.91% to hit a high of 2,024.90 by 0444 GMT.

Nazara organizes e-sports events including videogame tournaments, which draw thousands of millennial fans. The company also offers a variety of free and paid mobile gaming apps for kids and adults.

 


  - Reuters

 

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