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.
A group of South Korean insurers will invest 69 billion won ($60 million) in 29-year senior debt secured on Australia’s National Archives Preservation Facility in Canberra, attracted to its long maturity, as they are keen to extend asset durations ahead&hellip
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip