Krafton IPO to Raise $3.8 Billion in Second-Largest Korean Debut
- Game developer sets share price at top of revised range
- IPO values Tencent-backed developer at $21.2 billion
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Krafton Inc. set the price for its initial public offering at the top of a revised range, on track to make the second-largest debut on record in Seoul.
The Tencent Holdings Ltd.-backed game developer behind hit game PlayerUnknown’s Battlegrounds and some of its shareholders will raise 4.3 trillion won ($3.8 billion), after setting the price for its 8.65 million share sale at 498,000 won apiece, according to a filing on Thursday.