South Korea’s Krafton IPO prices at top of range to raise $3.75 billion

RSS NEWS Uncategorized

This Post was originally published here: Source Link

FILE PHOTO: Players are pictured as they attend the PUBG Global Invitational 2018, the first official esports tournament for the computer game PlayerUnknown's Battlegrounds in Berlin
FILE PHOTO: Players are pictured as they attend the PUBG Global Invitational 2018, the first official esports tournament for the computer game PlayerUnknown’s Battlegrounds in Berlin, Germany, July 26, 2018. REUTERS/Fabrizio Bensch

July 29, 2021

SEOUL (Reuters) – South Korean game developer Krafton Inc said on Thursday it had priced its initial public offering (IPO) at the top of its indicative range to raise 4.3 trillion won ($3.75 billion).

Krafton shares were priced at 498,000 won compared with a range of 400,000-498,000 won per share, it said.

($1 = 1,145.7800 won)

(Reporting by Jihoon Lee and Joyce Lee; editing by Jason Neely)