South Korea’s Netmarble to launch ambitious IPO
South Korean Tencent affiliate Netmarble announced today that it will launch an initial public offering to the tune of $2.35 billion US. That works out to approximately 17 million newly issued shares.
As GI.biz explains, Netmarble is hoping to pay off debts and increase its holdings, building “towards a state goal of being in the top five global gaming companies by 2020.”
Reuters calls the IPO the second-largest for the country, sandwiched between two Samsung IPOs.
In the west, the company is probably best known for games like Lineage 2: Revolution, Prius, and Uncharted Waters; its recent partnership with Disney came with a license for Marvel and Star Wars titles as well.