Chukong Technologies develops mobile games, create and maintain an open source game engine and publish games from international companies wanting to expand into the Chinese market.
Deutsche Bank and Morgan Stanley have been picked to manage the offer.
Existing investors in Chukong include Northern Light Venture Capital a private equity fund that focuses on China, Steamboat Ventures who are a venture capital firm affiliate of The Walt Disney Company and Sequoia Capital.
Chukong’s website states that their in-house games “have 63 million monthly active users” and that their development tool kit and game engine has been used by the developers of “7 out of the 10 top grossing games in China”.