Netmarble Rises After Korea's Biggest IPO in Seven Years
- Games company founded by high school dropout surpasses LG
- Stock jumped more than 9 percent before shedding gains
Netmarble Shares Priced at Top-End of Range
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Netmarble Games Corp. rose as investors pursuing a high-growth alternative to traditional industry piled into South Korea’s biggest coming-out party in seven years.
Shares in the mobile game developer and publisher ended 3.2 percent higher at 162,000 won in Seoul, after rising as high as 9.2 percent above the initial public offering price. The company now has a market value of about 13.7 trillion won ($12.2 billion), surpassing LG Electronics Inc.