Korea’s Netmarble to raise $2.3bn in IPO

Listen to this article


This is an experimental feature. Give us your feedback. Thank you for your feedback.

What do you think?

Netmarble Games, the world’s third-biggest maker of mobile games, is set to raise Won2.66tn ($2.3bn) on its impending float on the Korea Exchange.

The company has set the price of 17m new shares at Won157,000 apiece, at the top of its intended price range of Won121,000-Won157,000.

The company, which counts games such as Seven Knights, Everybody’s Marble and Marvel Future Fight among its offerings, intends to use the money raised from the float to help fund an aggressive global expansion.

The company’s chief executive has flagged interest in pursuing merger and acquisition opportunities following the initial public offering.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.