Kakao Games to Hold Non-Face-to-Face Overseas Investor Presentation Ahead of Listing

Final Offering Price Confirmed for 26th-27th

[Asia Economy Reporter Jin-gyu Lee] Kakao Games is set to begin full-scale IR activities ahead of its entry into the KOSDAQ market next month.

On the 11th, Kakao Games announced that, considering concerns over the spread of COVID-19, it is preparing overseas investor presentations in real-time online formats.

Companies preparing for listing hold various meetings and events for investors, including institutional investors, before and after the effectiveness of their securities registration statements. Recently, as the COVID-19 situation has prolonged, overseas investor presentations have been conducted non-face-to-face (untact) through online platforms.

In fact, SK Biopharm, which recorded the highest-ever success and was listed on the KOSPI market last month, also held investor briefings for institutional investors via an online platform.

An investment banking (IB) official stated, "Kakao Games plans to complete subscription procedures such as demand forecasting by the end of August and list in September. Since investor presentations will be conducted for domestic and international institutional investors within a short period, we expect the company to make every effort to receive a reasonable corporate valuation."

Meanwhile, Kakao Games submitted its securities registration statement for KOSDAQ listing to the Financial Services Commission on the 3rd and officially started the public offering process. Kakao Games plans to issue 16 million new shares through this public offering. The desired public offering price ranges from 20,000 to 24,000 KRW per share, with the total public offering amount expected to be between 320 billion and 384 billion KRW based on the desired price.

Kakao Games plans to finalize the public offering price through demand forecasting on the 26th and 27th, then proceed with subscription procedures and list on the KOSDAQ market within September. The funds raised will be used for investments such as securing new intellectual property (IP) and lineups, and expanding entry into the global market.

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