Kakao Games Submits Securities Registration Statement... Plans to List on KOSDAQ in September

[Asia Economy Reporter Choi Saeng-hye] Kakao Games, considered a promising company in the second half IPO market, is planning to list on the KOSDAQ market next month.

Kakao Games announced on the 3rd that it has submitted a securities registration statement to the Financial Services Commission and started the public offering process.

The total number of shares to be offered is 16 million, with a price range of 20,000 to 24,000 KRW per share. Based on the desired price, the total offering amount is estimated to be between 320 billion and 384 billion KRW.

Founded in April 2016, Kakao Games is a game-specialized subsidiary of Kakao, a KOSPI-listed company.

Namgoong Hoon, CEO of Kakao Games, said, "We will do our best to showcase our unique strengths based on powerful platforms such as Kakao Games, the largest mobile game platform in Korea, and the PC game portal 'Daum Game,' and to demonstrate growth potential through new businesses in the future."

Kakao Games will finalize the offering price through a demand forecast for institutional investors on the 26th and 27th, followed by subscription on the 1st and 2nd of next month. The lead managers are Korea Investment & Securities and Samsung Securities.

This content was produced with the assistance of AI translation services.