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Netmarble to Raise $2.3 Billion After Pricing IPO at the Top

  • A successful IPO would be South Korea’s biggest since 2010
  • Korean game publisher’s titles include Lineage 2 Revolution

Netmarble Games Corp. will raise as much as $2.3 billion after pricing its initial public offering at the top of its targeted range, amassing funds to get into new markets and titles.

The South Korean mobile games company will sell 17 million new shares to raise as much as 2.66 trillion won ($2.3 billion) in the country’s largest listing since 2010, according to data compiled by Bloomberg. At that price, the Lineage developer will be valued at more than $11 billion, outstripping rivals such as Nexon Co.