Netmarble Games Poised for IPO
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Korea's top mobile game developer Netmarble Games is to launch itself on the stock market, the company said Monday.
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The company said it will set the initial public offering price by April 20 and take subscriptions on April 25 and 26 for a listing in the first week of May.
Netmarble plans to issue 16.95 million shares in a price band ranging from W121,000 to W157,000 (US$1=W1,120). The company expects to raise W2.5-2.7 trillion through the IPO.
One securities industry source said, "Netmarble's market capitalization would amount to about W13.5 trillion, so if the IPO is successful, Netmarble will rise to the No. 2 spot among Korean dotcoms after Naver".