Other Stories

Krafton's 2-day IPO subscription period for retail investors starts Monday Updated: 2021-08-02 09:23:40 KST

Retail investors can now bid for shares of one of South Korea's biggest game makers,… Krafton.
The public subscription for the game developer behind global blockbuster 'PlayerUnknown's Battlegrounds' opened for two days at 10 AM on Monday.

"'PlayerUnknown's Battlegrounds' which was developed, owned and serviced by Krafton has created a new genre called 'openworld battle royale'. This spread quickly across all platforms including PCs, consoles and mobiles. Since 2017, this sensation led to the sale of 75 million copies of the console and PC versions of PUBG, and it ranks 5th for the top-selling games of all time."

Ahead of its debut on the benchmark KOSPI next Tuesday, Krafton has priced some 5.6 million new shares at 498,000 won or around 432 U.S. dollars each.
That is at the high end of its proposed price range for its initial public offering.
Its regulatory filings said the IPO would raise about 3.7 billion dollars,…and this would make it the second biggest IPO in the country after Samsung Life Insurance at roughly 4.2 billion dollars in 2010.
During the subscription, 25 percent of the new shares that the company is issuing will be distributed equally between those who have made at least the minimum deposit at three brokerage houses.
To reserve a single share, investors have to deposit at least half the price of 10 shares, which is around 2,160 dollars.
Some critics say the shares are overpriced because the pricing makes Krafton's valuation at around 21 billion dollars,… which is more than NC Soft, the biggest game developer listed in South Korea.
Bids taken by institutional investors were 243 times the amount of shares available, lower than Kakao Bank's subscription last week, which attracted 1,733 bids for each share available.
Eum Ji-young, Arirang News.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.