Kakao Games sets W384bn IPO price high, readies launch

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By Jonathan Breen
31 Aug 2020

South Korean game developer Kakao Games is preparing to open a two-day subscription period for its IPO, after pricing the stock at the top of the marketed range.

Kakao is on track to raise W384bn ($323.5m) from a float of 16m primary shares. It fixed the final price for the stock at W24,000 apiece, following a two-day price discovery process completed last Thursday.

The issuer, working with its bookrunners Korea Investment & Securities and Samsung Securities, ...

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