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. [...]
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 [...]
SEOUL, July 1 (Korea Bizwire) — Krafton Inc., the company behind the global hit video game “PlayerUnknown’s Battlegrounds” (PUBG), said Thursday it has decided to lower the pricing range of its planned initial public offering (IPO) amid controversy over overvaluation. The company said it has submitted a revised IPO application to the Korea Exchange under [...]
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, [...]
SEOUL, June 16 (Korea Bizwire) — Krafton Inc., the gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Wednesday it plans to raise as much as 5.6 trillion won (US$5 billion) through an initial public offering (IPO) that will likely place it as South Korea’s most valuable video game company. The company plans [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korean online gaming company Krafton Inc.’s planned initial public offering (IPO) is drawing keen interest from potential investors following a recent series of highly successful share sales, industry sources said Wednesday. The market craze follows megahit IPOs by Big Hit Entertainment, the management agency of K-pop phenoms BTS; [...]