This year, Krafton, the largest initial public offering (IPO), has begun the listing process in earnest.
The Krafton's over-the-counter(OTC) valuation is estimated 20 trillion won. The Securities Market Headquarters of the Korea Exchange said on the 8th that it has received an application for a preliminary review for Krafton's IPO.
In general, the review takes about two months. If there is no problem, Krafton is expected to pass the preliminary hearing around early June.
If the securities report is submitted after the settlement of the first half of the year, its IPO will be between August and September.
The main underwriter is Mirae Asset Securities, the co-hosts are NH Investment & Securities, Credit Suisse (CS), Citigroup Global Market Securities and JP Morgan.
Krafton's current OTC transaction price amounts to 2.3 million won per share. The market capitalization based on OTC is around 20 trillion won.
Reporter Lee Ji-sun stockmk2020@gmail.com
