Krafton Lowers IPO Price... Adjusts Expected Price Range to 400,000~498,000 KRW

[Asia Economy Reporter Dongwoo Lee] Krafton, a game company embroiled in controversy over overvaluation ahead of its listing, has lowered its public offering price.

Krafton announced on the 1st that it submitted a securities registration statement to the Financial Supervisory Service with a price range of 400,000 to 498,000 KRW, which is 50,000 KRW lower than the previously proposed 458,000 to 557,000 KRW.

The expected amount to be raised through the public offering is between 3.4617 trillion KRW and 4.3098 trillion KRW. Based on the upper limit of the offering price, this does not reach the previous maximum public offering amount of 4.8881 trillion KRW by Samsung Life Insurance in 2010.

Previously, Krafton filed a securities registration statement on the 16th of last month, but the Financial Supervisory Service requested a revised filing, leading to a recalculation of the public offering price.

The total number of shares to be offered this time is 8,644,230. Of these, 5,624,000 shares (65%) are newly issued shares, and 3,030,230 shares (35%) are existing shares being sold.

The public offering price will be finalized through institutional investor demand forecasting from the 14th to the 27th, followed by a general subscription from August 2nd to 3rd. The company plans to be listed on the KOSPI market in August.

The lead underwriter is Mirae Asset Securities, with joint underwriters including Credit Suisse, NH Investment & Securities, Citigroup Global Markets Korea, and JP Morgan. Samsung Securities is participating as a purchaser.

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