Leading online gaming publisher IP E-Game Ventures Inc. (IP E-Games), a subsidiary of publicly-listed technology firm IPVG Corporation, has secured approval from the Philippine Stock Exchange (PSE) for the initial listing by way of introduction of 33,545,554 common shares, under the second board of the exchange, at an indicative reference opening price of P50 per share.

IP E-Games chief executive officer Enrique Y. Gonzalez said the company is very much thrilled with the approval of the listing as they are first publicly listed online games publisher in the country and marks a new phase in the growth of their organization.

“With our access to the capital markets, we are well positioned to further grow the company by continuously investing in our content pipeline and publishing infrastructure. We hope to attract our gaming community to participate in the stock market and in particular with our company,” Gonzalez added.

IP E-Games, by virtue of being a firm registered with the Board of Investments, and being certified by the Bureau of Internal Revenue as not being a closely held corporation, qualifies to list its shares by way of introduction.

The leading online game publisher in the Philippines IP E-Game Ventures Inc., primarily engages in the business of interactive gaming and content distribution.

As of end 2009, IP E-Games has over 11 million registered gamers all over the country. MMORPGs allow a large number of players to interact with one another over the internet in a virtual world.