(Image source: VNG Corp)

Asian Tech Press (Dec 6) -- VNG Corp., a Vietnamese online gaming company backed by Singaporean sovereign wealth fund GIC Pte, is reportedly considering raising fresh capital ahead of a possible U.S. IPO.

The company is looking to raise $200 million to $300 million from new and existing investors, Bloomberg said, citing people familiar with the matter.

VNG's investors also include Facebook co-founder Eduardo Saverin and Raj Ganguly's B Capital Group.

Previously, it was reported that VNG was considering going public in the U.S. through a reverse merger with a blank-check company and the deal could value VNG at $2 billion to $3 billion.

But the company now favors an initial public offering (IPO) in the United States. And people familiar with the matter said VNG is restructuring its business to make it easier to go public in the U.S.