Video game firm Krafton to launch US$5bil plus IPO next week


HONG KONG/SEOUL (Reuters) - Krafton, the company behind blockbuster video game PlayerUnknown's Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea's largest listing in 11 years, people familiar with the matter said.

The Tencent-backed company aims to raise at least US$5 billion in the initial public offering (IPO) by selling 20% of its shares, one said after the Korea Exchange announced that Krafton had preliminary approval for its planned listing.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

IPO , Krafton , PUBG

   

Next In Business News

ABM welcomes GX Bank, Boost Bank as new members
Khee San to raise up to RM96.1mil from rights issue
Ringgit ends firmer against greenback amid heightened uncertainty as US election looms
Elridge Energy inks 15-year biomass fuel contract with Japanese trading firm
Bintai Kinden unit bags RM61.22mil construction job in Melaka
MCE, Chuhang ink MoU to develop automated driving radar
Bursa Malaysia ends higher lifted by plantation, construction stocks
Revenue to dispose of Innov8tif stake for RM40mil
MN Holdings' new job wins bring orderbook to all-time high of RM625.8mil
Bina Puri unit secures RM113.29mil contract for Sarawak water supply project

Others Also Read