Winking: The 1st gameplay company to be listed on the Singapore Stock Exchange
What are the investment highlights? ![]()
Company Overview
Over 25 years of experience in providing complete end-to-end art outsourcing and game development services across various platforms such as console, PC, online and handheld content for the video games industry
Asia's 3rd largest game art outsourcing studio and the fourth largest globally, based on global revenue derived from game art outsourcing in 2022
Renowned art outsourcing studio with a reputable brand, which has led to collaborations with 19 out of the top 25 global game companies, including NetEase, Tencent, miHoYo, Nexon, NCSOFT Corporation.
The Company is majority-owned Acer Gaming which has an extensive network of relationships in the game development and art outsourcing industries
Collaborated on internationally renowned game titles such as Genshin Impact, Assassin's Creed, Blade & Soul, Destiny 2 and FIFA Online 4
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Listing Date：20 Nov 2023, SGT
Subscription Period：9 Nov 2023, 9:00am SGT - 14 Nov 2023, 3:00pm SGT
Enter Now!: https://sg-ipo.sg.moomoo.com/ipo-page/?code=WKS
Industry Opportunity
Competitive Strengths
3rd in Asia and 4th in the world in terms of game art outsourcing in 2022, ahead of most competitors in Japan, Hungary and the USA
Proven capabilities in art outsourcing and game development underpinned by comprehensive game development knowledge and expertise and a strong data security management system.
Established a multi-market presence with a far-reaching network and steady relationships with customers.
Committed and strong management team with deep sector expertise, guided by an experienced board of directors and supported by skilled and experienced staff.
Effective human resources management system and structure.
Key Business Segments
1. Art Outsourcing Segment
Create and develop digital art assets, mainly 2D concept art, 3D modelling, 2D & 3D animation and visual effects
2. Game Development Segment
Develop games using game engines (Unreal Engine and Unity), which are compatible with PlayStation, Xbox, Switch and mobile platforms
3. Global Publishing & Other Services Segment
Release game products developed in-house as well as third-party game developers on PlayStation, Switch and Steam
Financial Highlights
Key Management Team
Executive Chairman & CEO - Johnny Jan
Over 25 years of experience in the art outsourcing and game development industries.
Director of the Taiwan Game Industry Promotion Alliance.
Group CFO - Oliver Yen
Over 28 years of finance and management experience, with more than 20 years of experience within the game development and game publishing industry.
General Manager of Art Outsourcing Segment - Tina Li
More than 22 years in the game industry experience
Responsible for overseeing the expansion and growth of businesses and possesses strong business development and management skillset.
Future Plans
Enhance their presence globally to capture market opportunities by planning to establish overseas subsidiaries and offices in Malaysia, Indonesia and the Philippines
Pursue strategic acquisitions, joint ventures and strategic alliances to grow our market share and/or expand into new business
Monitor and explore the use of AI and/or invest in AI-related companies or businesses to improve and expand art outsourcing capabilities.
3 Simple Steps to Subscribe the IPO
Step 1: Open up your moomoo app and go to Trade > IPO
Step 2: Select "Winking" and click on "To Subs"
Step 3: Enter the number of shares you would like to subscribe, check the risk disclosure, and click on "Submit"
The following documents or copies thereof may be inspected at Winking Studios' Singapore headquarters at 6 Raffles Quay, #14-06, Singapore 048580 during normal business hours for a period of six months from the date of registration of the Offer Document by the SGX-ST acting as agent on behalf of the Authority:
(a) Memorandum and Articles of Association;
(b) the “Independent Auditor’s Report and the Audited Consolidated Financial Statements for the Financial Years Ended 31 December 2020, 2021 and 2022” as set out in Appendix A to this Offer Document;
(c) the “Independent Auditor’s Review Report and the Unaudited Interim Condensed Consolidated Financial Statements for the Three-Month Period Ended 31 March 2023” as set out in Appendix B to this Offer Document;
(d) the respective audited financial statements of the Company and/or each of the subsidiaries, where applicable, for the financial years ended 31 December 2020, 2021 and 2022; (e) the “Independent Market Report of the Industry Consultant” as set out in Appendix D to this Offer Document; (f) the material contracts referred to in the section entitled “General Information – Material Contracts” of this Offer Document; (g) the letters of consent referred to in the section entitled “General Information – Consents” of this Offer Document; (h) the Service Agreement and Employment Agreements referred to in the section entitled “Directors, Executive Officers and Employees – Service and Employment Agreements” of this Offer Document; and (i) the rules of the Winking Studios Performance Share Plan.
A copy of the Offer Document is also available on the SGX-ST website, http://www.sgx.com.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.
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HKS8998 : @Moomoo SG the Subscription Fee……
LF W : lol ipo in sgx
MLOK : No idea of the company. Any thoughts?
梧桐树凤凰城 : Losing 8 points GST first when entering the pit?
A1broker : Ah Moo where to read the * T&C
102946180 CH : Awesome
mystic69 : Gaming company… maybe good , let’s see
Zetora420 : Will you take a dive and invest ?
mullmull : subscription fee=$200×1%=$2, GST=subscription fee×8%=$2×8%
=$0.16
JoshuaTan : Subscribed 50,000 shares but not even 1 share allocated. Not sure how is the allocation conducted fairly. None of my friends allocated anything so far.
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