The Tencent-backed game publisher priced its shares at the top of their range in an offering set to take place on August 10 that will value it at $21.2bn.

Krafton, a South Korea-based computer game publisher backed by gaming and internet group Tencent, will raise KRW4.3 trillion ($3.75bn) in its initial public offering, Bloomberg reported yesterday, citing a regulatory filing.

The listing will involve Krafton offering 8.65 million shares priced at the top of a revised KRW400,000 to KRW498,000 ($350 to $436) range, making it the second largest IPO held in the country so far.

The amount was about 25% smaller than the one disclosed earlier this month, after…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Email LinkedIn