Netmarble to price W2.7tr IPO high on fervent demand
South Korean game developer Netmarble Games is set to rake in W2.7tr ($2.4bn) from its IPO as books were multiple times covered at the top of guidance, according to a banker on the deal.
Official pricing was to be announced at the end of play on Friday, but given the strong demand bankers were certain it would price at the ceiling of the W121,000-W157,000 marketing range.
The IPO comprises 16.95m shares, which the issuer is planning to list on Korea’s main board,
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