Kakao Games gauges investor appetite for W384bn IPO

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By Jonathan Breen
26 Aug 2020

South Korea’s Kakao Games began a two-day price discovery process for its IPO on Wednesday, seeking investor feedback for its deal.

The game developer, a subsidiary of Kakao Corp, is testing the waters with an initial range of W20,000 ($18.55) to W24,000 per share for its float of 16m primary shares, meaning it could raise up to W384bn from the sale.

The issuer plans to list on the ...

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