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Krafton’s IPO Subscription Draws Tepid Response from Retail Investors

Krafton’s IPO Subscription Draws Tepid Response from Retail Investors

SEOUL, Aug. 3 (Korea Bizwire) — Video game developer Krafton Inc.’s initial public offering (IPO) drew lukewarm responses from retail investors, with their deposits for IPO subscriptions just at 5 trillion won (US$4.35 billion), its IPO managers said Tuesday. During the two-day subscription, the subscription rate stood at 7.79:1 for shares allocated for retail investors. [...]

Krafton Eyes Aggressive M&As After IPO

Krafton Eyes Aggressive M&As After IPO

SEOUL, July 26 (Korea Bizwire) — Krafton Inc., the video game company behind “PlayerUnknown’s Battlegrounds” (PUBG), said Monday it is aiming for aggressive mergers and acquisitions (M&As) after its initial public offering (IPO) next month, as it eyes to expand its foothold in the global video game market. Krafton is scheduled to go public on [...]

Krafton Invests US$9 mln in Indian Streaming Platform

Krafton Invests US$9 mln in Indian Streaming Platform

SEOUL, June 28 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Monday that it has invested US$9 million in India-based streaming platform Loco. The funding includes other investors, such as Lumikai, India’s first gaming and interactive media fund, as well as Hashed, Hiro Capital, [...]