BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
World's top technology exhibition CES 2021
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Finance > article

Kakao Games sets new record in IPO history in two-day public subscription

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : September 2, 2020, 17:25 | Updated : September 2, 2020, 17:25
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Kakao Games]

SEOUL -- Kakao Games, a game subsidiary of South Korean web service giant Kakao, set a new record in the history of stock market share offering by collecting some 58.55 trillion won ($49.3 billion) worth of evidence in retail subscription. The previous record was 31 trillion won set by SK Biopharmaceuticals in June.

Kakao Games shares were oversubscribed by 1,525 times from retail investors in a two-day public subscription that ended on September 2. Kakao Games plans to sell new shares at a price range between 20,000 won and 24,000 won.

About 3.2 million shares, or 20 percent of 16 million new common shares to be sold under Kakao Games' initial public offering, were offered for retail subscription. The game unit of Kakao, the operator of South Korea's favorite messenger app KakaoTalk, hopes to use proceeds for developing new games.

Founded in 2016, Kakao Games has more than 45 million monthly active users in South Korea and other countries.

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Kakaos cloud service wing attracts new investment from state policy bank.
    Kakao's cloud service wing attracts new investment from stat…
  • .Kakaos online comic book store garners popularity in Japan.
    Kakao's online comic book store garners popularity in Japan
  • .Swedens Spotify to launch streaming subscription service at home of K-pop.
    Sweden's Spotify to launch streaming subscription service at…
  • .Kakao selects subscription economy as new growth engine.
    Kakao selects subscription economy as new growth engine
  • .Kakao to release all-in-one digital ID card wallet service in 2021.
    Kakao to release all-in-one digital ID card wallet service i…

Real Time Photo News

  • .Singer IU drops teaser image for upcoming full album.

    Singer IU drops teaser image for upcoming full album

  • .Cube Entertainment partners with web comics company to create online video content.

    Cube Entertainment partners with web comics company to create online video content

  • .Sci-fi film starring Song Joong-ki to be reelased on Netflix in February.

    Sci-fi film starring Song Joong-ki to be reelased on Netflix in February

  • .Actor Kim Soo-hyun to star in S. Korean remake of British TV drama series Criminal Justice.

    Actor Kim Soo-hyun to star in S. Korean remake of British TV drama series 'Criminal Justice'

  • .CJ ENM partners with NCSoft to roll out new digital content for global market.

    CJ ENM partners with NCSoft to roll out new digital content for global market

Latest News

more+

  • Singer IU drops teaser image for upcoming full album
  • Hyundai to complete construction of fuel cell production plant in China in 2022
  • Seoul builds solar power plant on idle land near urban expressway
  • Samsung showcases new Galaxy S21 smartphone models
  • Southern city launches joint research project to develop heavy-duty flying taxi drone
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view