April 19, 2024
Mobile & Internet
Kakao Games likely to go public
[THE INVESTOR] Kakao Games is likely to go public as a part of its aggressive plan to expand overseas and enhance its competitiveness, according to industry sources on Dec. 9.
The game affiliate of Kakao submitted a request for proposals for the initial public offering to several local investment banks and will soon select one to seek a listing on the tech-heavy KOSDAQ, they said.
“The listing should be proceeded, factoring in the market conditions and other factors in the industry, so we cannot yet tell when or whether to be listed on the KOSDAQ,” said a company official.
Kakao Games would be the first affiliate of Kakao -- which owns nearly 70 percent stake -- to be listed.
The company renamed itself in July as it prepares to strengthen its role in the global games industry by launching games on different platforms including smartphones, computers and virtual reality devices.
(theinvestor@heraldcorp.com)
The game affiliate of Kakao submitted a request for proposals for the initial public offering to several local investment banks and will soon select one to seek a listing on the tech-heavy KOSDAQ, they said.
“The listing should be proceeded, factoring in the market conditions and other factors in the industry, so we cannot yet tell when or whether to be listed on the KOSDAQ,” said a company official.
Kakao Games would be the first affiliate of Kakao -- which owns nearly 70 percent stake -- to be listed.
The company renamed itself in July as it prepares to strengthen its role in the global games industry by launching games on different platforms including smartphones, computers and virtual reality devices.
(theinvestor@heraldcorp.com)
