Initial public offerings are booming throughout Korea's game industry. Netmarble Games is expected to be able to raise a fund of up to 13 trillion won through the IPO in May.
Kakao Games also launched a drive to list itself in the Korean stock market. NetGames, a developer of popular mobile game HIT, and Pearl Abyss which developed an online game Black Desert, are also getting ready for an IPO.
Korea's No. 1 mobile game company Netmarble Games submitted an IPO request to the Financial Services Commission on March 20. Netmarble officials said, "We will set the IPO price after estimating the demand of institutional investors in and outside Korea from April 11 to 20." If Netmarble's IPO plan goes as scheduled, it would be listed within the first week of May.
Netmarble will issue 16,953,612 new shares through the IPO, with the per-share price likely to range from 121,000 won to 157,000 won. The company's expected market capitalization is estimated to range from 10.25 trillion won to 13.30 trillion won.
Korea Scientists and Engineers Mutual-aid Association (SEMA) will commit about 20 billion won ($18 million) to a fund of Morgan Stanley Energy Partners (MSEP) for co-investment in a US water management firm, according to a local media report. The $4.2&hellip
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip