South Korean games firm Krafton has priced its initial public offering, which could see the company raise as much as ₩4.3 trillion ($3.75 billion).
As reported by Reuters, the firm has priced its shares at ₩498,000 ($434) each. this would make it the second largest IPO in South Korea to date, coming in close behind Samsung Life Insurance's ₩4.9 trillion ($4.4 billion) initial public offering back in 2010.
That's despite Krafton cutting its IPO targets by as much as 25 per cent earlier in July after Korea's financial regular said that the firm needed to revise its financial filings. In June of this year, the company said that it planned to raise $5 billion with its IPO.
Krafton filed for its initial public offering back in April of this year. The firm is set to go public around August 10th.
Analysts in Korea said earlier in the year that Krafton could be worth around ₩20 trillion won ($17.9 billion); with its revised IPO, Bloomberg says that the company's market cap would be in the region of ₩24 trillion ($20.9 billion).
Krafton is best known for its Playerunknown's Battlegrounds IP which has shifted over 70 million copies on PC and console since it launched back in March 2017. Meanwhile, PUBG Mobile has been downloaded more than one billion times, generating $4.3 billion in revenue by the end of 2020. There's also a new mobile Playerunknown's Battlegrounds title on its way called New State, which has received over 20 million pre-registrations around the world as of the middle of July.