March 21, 2017 12:30
Korea's top mobile game developer Netmarble Games is to launch itself on the stock market, the company said Monday.
The company said it will set the initial public offering price by April 20 and take subscriptions on April 25 and 26 for a listing in the first week of May.
Netmarble plans to issue 16.95 million shares in a price band ranging from W121,000 to W157,000 (US$1=W1,120). The company expects to raise W2.5-2.7 trillion through the IPO.
One securities industry source said, "Netmarble's market capitalization would amount to about W13.5 trillion, so if the IPO is successful, Netmarble will rise to the No. 2 spot among Korean dotcoms after Naver."
- Copyright © Chosunilbo & Chosun.com