Netmarble Looks To Raise $2.4 Billion Through IPO
Netmarble, the developer and publisher of the highly successful mobile MMORPG Lineage 2: Revolution, announced today that it is gearing up to raise upwards of 2.7 trillion Korean Won, or $2.4 billion, via an initial public offering. According to Gamesindustry.biz, granted it can manage to raise the money, it would then hold the title of South Korea's second largest IPO, second only to Samsung Life Insurance Co.
According to the filing, Netmarble intends to sell 17 million shares at a price of 121,000 to 157,000 Korean Won—the company will announce the final price on April 24th. Around 897 billion Korean Won of the money raised would be used to pay debts, whereas another 1 trillion Korean Won would be "used for deals and investments, as Netmarble builds towards a stated goal of being in the top five global gaming companies by 2020."
Should Netmarble successfully raise the money, the company would be valued at 13.3 trillion Korean Won or approximately $11.6 billion.