Philippine-based game technology provider DFNN is eyeing to go public next year as the company claws its way out of a deficit.

The Philippine Daily Inquirer reported that DFNN, through its gaming service unit HatchAsia, will list some of its property dividend on the Philippine Stock Exchange (PSE) by the second quarter of 2018 now that the firm is in a position to realize earnings and declare dividends.

DFNN president and chief executive officer Ramon Garcia, however, pointed out that it will go public by way of introduction instead of an initial public offering. By way of introduction, a pro-rata basis will be implemented for the distribution of shares to DFNN’s investors.

The PSE, however, will still require DFNN to make a public offering of shares within a year after listing by introduction.