The Tencent-backed company aims to raise at least $5 billion in the initial public offering (IPO) by selling 20% of its shares, one said after the Korea Exchange<\/a> announced that Krafton had preliminary approval for its planned listing.
Official filings to start the IPO will be made early next week, three people who did not want to be identified as they were authorised to speak to the media, told Reuters.
South Korea is experiencing its hottest IPO market on record and analysts expect that least 20 trillion won ($18.4 billion) will be raised in 2021, which would be about four times above 2020 levels.
Krafton would be valued at around $25 billion based on its current plans, although the final size of the IPO could increase, another person added.