Burnout 5 to IPO on April 19

Electronic Arts Inc’s (NASDAQ: ERTS) Burnout 5 for the Xbox 360 and PS3 will debut on the simExchange on Thursday, April 19, 2007. The game will be categorized under the Racing genre. Shares will open for purchase at 100 DKP (forecasts 1 million copies sold worldwide over lifetime) for the Xbox 360 version and 85 DKP for the PS3 version.

Burnout 5 is the next installment of the Burnout series for the Xbox 360 and PS3. The game will feature an open world in fictional Paradise City. Criterion Games says Burnout 5 will be a complete reinvention of the series.

Burnout 5 is expected in late 2007. The game’s listing was submitted by Renegade242.