Nintendo (NTDOY) Stock Jumps on New Pokemon Go Launches
NEW YORK (TheStreet) -- Shares of Nintendo (NTDOY) are gaining 8.03% to $33 in pre-market trade after the head of Pokemon Go's developing company Niantic, John Hanke, said he's looking to launch the game in roughly 200 new countries and regions.
He said the company will be making moves "relatively soon," and that they're working to augment server capacity for the game to accommodate more users.
"Why limit it?" Hanke said, according to Reuters.
The game will be coming to Japan soon with hopes of launching in South Korea as well, Hanke added, although strict security restrictions in the latter country may bring scrutiny to the game's mapping software.
Over the past week, Pokemon Go's success has added over $17 billion in market value to Nintendo, a Japanese gaming company.