Gamemaker Netmarble seeks as much as 2.7 trillion won in IPO

Seoul

NETMARBLE Games, South Korea's largest maker of mobile phone games, filed to raise as much as 2.7 trillion won (S$3.4 billion) in an initial public offering (IPO).

The company will sell 17 million shares at 121,000 won to 157,000 won apiece, Seoul-based Netmarble said in a filing on Monday. Final pricing is scheduled for April 24. At the top price, a successful IPO would value Netmarble at about 13.3 trillion won.