Gaming Giant Netmarble Seeks Largest Korean IPO Since 2010

Law360, New York (March 20, 2017, 3:56 PM EDT) -- South Korean mobile gaming giant Netmarble Games Corp. told regulators Monday it plans to raise up to 2.7 trillion won ($2.4 billion) in an initial public offering, a deal that could mark the country's largest IPO since 2010.

Seoul-based Netmarble is seeking to sell 17 million shares priced between 121,000 and 157,000 won ($109 to $141) each, according to a filing with Korean securities regulators. That's about 20 percent of the company's total share capital.

If shares price at the high end, Netmarble would net about...
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