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 Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip