KakaoBank slipped for a third day on Monday with some institutional investors offloading shares as the agreed lockup period ends.
Krafton ended its first day of trading below its IPO price, the first Kospi company to do that this year.
KakaoBank rose 12 percent Monday taking it two spots higher in Korea’s market capitalization rankings, from No. 11 when it listed Friday to No. 9.
Krafton’s initial public offering (IPO) has closed, and by some measures, it was a disappointing sale.
Investors seek consultation at a brokerage firm in Seoul on Monday afternoon.
Krafton’s initial public offering (IPO) price was set on Thursday at 498,000 won ($434.7) per share, the upper end of the price range despite concerns about valuation.
Krafton says it’s not playing games with pricing. “We know that some people think our valuation is too high,” chief financial officer (CFO) Bae Sung-keun said. “But at the same time, some people say that we have been underpriced.” Its assurances ...
Game developer Krafton made a $45 million investment in Indian web novel platform Pratilipi and aims to expand its influence in the Indian digital market in the future, the company said Wednesday. Krafton led the investment alongside other ...
Three big initial public offerings (IPOs) are happening from the end of this month through the first week of August.
Krafton, best known as the developer of PlayerUnknown's Battlegrounds (PUBG), filed last month for an initial public offering (IPO) that would make it the most valuable Korean game developer.