Game maker Krafton targets up to $5 billion in S.Korea's biggest IPO


FILE PHOTO: Merchandising products are pictured at the PUBG Global Invitational 2018, the first official esports tournament for the computer game PlayerUnknown's Battlegrounds in Berlin, Germany, July 26, 2018. REUTERS/Fabrizio Bensch

SEOUL (Reuters) -Krafton Inc, the South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds", said on Wednesday its IPO would raise up to 5.6 trillion won ($5 billion) at the top of an indicative range, which would be a record for the country.

Tencent-backed Krafton said in a regulatory filing it expected to offer 10 million shares, or 7 million new shares and 3 million existing shares, at an indicative range of 458,000-557,000 won per share.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

How to update Chrome without accidentally installing a virus on your smartphone
Twilio forecasts quarterly revenue below estimates on weak enterprise spending
Palantir shares post biggest daily slide since 2022 after forecast disappoints
Match Group expects quarterly revenue below estimates as spending on dating apps falls
Reddit's strong forecasts spark share surge after first results since IPO
Electronic Arts forecasts annual bookings below estimates as gamers cut spending
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
Meta to expand AI image generation offerings for ads
Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move
Robinhood set to report highest quarterly revenue since meme stock frenzy

Others Also Read