Lair to IPO on March 22

Sony Corp’s (NYSE: SNE) Lair for the PS3 will debut on the simExchange on Thursday, March 22, 2007. It will be categorized under the Action genre. Shares will open for purchase at 100 DKP (forecasts 1 million copies sold worldwide over lifetime).

Lair is a new IP from Factor 5 made for the PS3. The game involves riding around on a dragon and pwning your enemies with fireballs. You control you dragon using the motion sensing features of the SIXAXIS controller. Moving the controller up or down will adjust your dragon’s flight altitude. Moving the controller left or right will steer your dragon in that direction.

The game features multiple stages in its combat. From a distance, you can launch fireballs at your enemies (other dragon riders). Once you close in, the game enters a melee mode where you can execute combo attacks. The game also features God of War style fatalities in which you play a minigame to execute your target.

Ground combat will involve massive armies. There is a morale meter that fills up when you kill the troops of the opposing army and depletes when your troops are lost. To win a battle, you must fill up the morale meter.

Lair is scheduled for release on May 7, 2007. The Listing was submitted by wompywomperson.