Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

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Equity Capital Markets

<div class="content-highlight"><a href="https://www.smartkarma.com/entities/krafton-inc" target="_blank" data-smartkarma-citation="entities:28956:1" rel="noopener">Krafton Inc (1486402D KS)</a> is one of the most anticipated IPOs in Korea in 2020. The local media recently have mentioned that Krafton's market cap could be more than 5 trillion won. Krafton is one of the leading game companies in Korea. </div>Krafton Chairman Chang Byung-Kyu founded a company called Bluehole Studio in 2007. He was previously one of the founders of Neowiz in 1997. On 5 November 2018, a new company called Krafton Game Union was launched that would serve as the parent company for Bluehole and its subsidiaries. In April 2020, <a href="https://www.etnews.com/20200421000342" target="_blank" rel="noopener">Neptune</a> sold 80,000 shares of Krafton for 46.4 billion won (580,000 won per share). This is nearly 19x higher the price of 30,000 won per share it paid for in early 2017. Post this sale, Neptune still has 86,666 shares of Krafton. Neptune will use the new funds for M&amp;A and new game content development. Neptune's latest sale of 80,000 shares of Krafton would value the company at 4.7 trillion won ($3.8 billion).

Krafton Inc (1486402D KS) is one of the most anticipated IPOs in Korea in 2020. The local media recently have mentioned that Krafton's market cap could be more than 5 trillion won. Krafton is one of the leading game companies in Korea. Krafton Chairman Chang Byung-Kyu founded a company called Bluehole Studio in 2007. He was previously one of the founders of Neowiz in 1997. On 5 November 2018, a new company called Krafton Game Union was launched that would serve as the parent company for Bluehole and its subsidiaries. In April 2020, Neptune sold 80,000 shares of Krafton for 46.4 billion won (580,000 won per share). This is nearly 19x higher the price of 30,000 won per share it paid for in early 2017. Post this sale, Neptune still has 86,666 shares of Krafton. Neptune will use the new funds for M&amp;A and new game content development. Neptune's latest sale of 80,000 shares of Krafton would value the company at 4.7 trillion won ($3.8 billion).

クラフトンのIPOに関する当初の見解