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.
National Pension Service’s (NPS) recent invitation for investment proposals to domestic private equity and venture capital funds, which amounts to 650 billion won ($577 million), has met with a lukewarm response from fund houses, amid concerns about the $500 billion&hellip
Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit on Oct. 25 in Seoul, where key investment decision-makers of South Korea’s biggest asset owners are set to&hellip
Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Benefit Association (POBA) for around 310 billion won ($273 million), at a time when the growing nuclear&hellip