UPDATE 1-Perfect World lifts Q2 revenue view, shares up

* Sees Q2 rev up 15-20 pct sequentially

* Shares up as much as 12 pct

June 19 (Reuters) - Chinese online game developer Perfect World Co Ltd (PWRD.O) raised its second-quarter revenue outlook on stronger-than-expected performance of a newly launched game, driving its shares up as much as 12 percent to a new 52-week high.

The company said it has seen a strong ramp up of 'Battle of the Immortals' -- a 2.5D massively multiplayer online role-playing game that is one of the company's major titles for 2009 -- in the past month.

Perfect World, which already has a tie-up with Chinese magician Lu Chen for the game, recently agreed to license 'Battle of Immortals' to a unit of Taiwan's Soft-World International Corp (5478.TWO).

The company said revenue had also been aided by the launch of expansion packs to some of its existing games like 'Zhu Xian' in the second half of the quarter.

Beijing-based Perfect World expects a sequential revenue growth of 15 percent to 20 percent, compared with its previous forecast of a 2 percent decline to a 2 percent rise.

It expects second-quarter revenue of 489 million yuan ($71.5 million) to 510 million yuan ($74.6 million).

Analysts expect the company to post revenue of $64 million, according to Reuters Estimates.

Perfect World shares were up 10 percent at $29.39 in morning trade, making them one of the top percentage gainers on Nasdaq. They touched a high of $30 earlier in the session. ($1=6.836 Yuan) (Reporting by Manasi Phadke in Bangalore; Editing by Himani Sarkar)