Snail Inc Successfully Listed on Nasdaq Capital Market (NASDAQ: SNAL)
Industry: Digital Entertainment
Listing Date: 2022/11/10, NASDAQ
Funding Amount: 15 million USD
Partners: Tiger Brokers, EF Hutton
Yangkang Asset successfully assisted Snail Inc. (SNAL) in completing its listing on the Nasdaq Capital Market in the United States, successfully raising 15 million USD, marking an important milestone for Chinese gaming companies expanding into the international market. Snail focuses on developing and publishing massively multiplayer online games (MMO) and sandbox survival games, with flagship titles including the popular game “ARK: Survival Evolved.” Through its brand Wandering Wizard, Snail distributes games on major platforms such as Steam, PlayStation, and Xbox. This IPO issued 3,000,000 common shares at 5 USD per share, further strengthening the company’s momentum in the global gaming market.
With the funds raised, Snail is investing in its US R&D and operations headquarters, Snail Games USA, to accelerate the development of next-generation game content and enhance global publishing strategies. The company has since launched several self-developed new titles, including “Robots at Midnight,” “Outlaws of the Old West,” and “West Hunt,” expanding its presence across Europe, America, and emerging markets. Additionally, Snail is expanding collaborations with global development teams and publishing platforms to deepen game distribution, ecosystem building, and brand management capabilities. Moving forward, Snail will continue to focus on self-development combined with international market strategies to become a global leader in multi-platform interactive entertainment content.