이 누리집은 대한민국 공식 전자정부 누리집입니다.

한상넷 로고한상넷

전체검색영역
Kakao’s game subsidiary mulls IPO
Collected
2016.12.11
Distributed
2016.12.12
Source
Go Direct
Kakao Games Corp., game developing subsidiary of South Korea`s largest mobile messaging service Kakao Corp., is pursuing an initial public offering (IPO) to be the first Kakao subsidiary that goes public.

According to sources from Kakao Games and investment banking industry on Friday, the company has already sent out a letter to invite local brokerage houses, including Korea Investment & Securities, Samsung Securities and Mirae Asset Daewoo Securities, to lead its IPO process and is expected to select an underwriter soon.

When and where to list the stock is yet to be determined, but market watchers expected its shares would be listed on the country’s tech-packed secondary KOSDAQ market.

An unnamed official at Kakao Games confirmed the company is reviewing a plan to go public, but as it is necessary to take into account market conditions and industry variables to list, it is too early to determine when and where to list the stock.

Kakao Games, well known for ‘Black Desert’ that is a sandbox-oriented massively multiplayer online role-playing game, develops and provides PC, mobile and virtual reality games.

Kakao controls 69.4 percent of Kakao Games. In July, the company was renamed from NZIN to Kakao Games and announced a vision to become a global multi-platform game developer. It would be the first Kakao subsidiary that goes public.

By Oh Chan-jong

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]