Players are pictured as they attend the PUBG Global Invitational 2018, the first official esports tournament for the computer game PlayerUnknown’s Battlegrounds in Berlin, Germany, July 26, 2018. REUTERS/Fabrizio Bensch
SEOUL, July 1 (Reuters) – South Korea’s Krafton, the company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), cut its IPO target by nearly a quarter on Thursday after a regulator warned it needed to revise its filings.
The company, which counts Tencent Holdings Ltd (0700.HK) as its second-biggest shareholder, has revised the indicative price range for its 8.7 million share offering to 400,000-498,000 won per share.
At the top end of the range, the offering would raise 4.3 trillion won ($3.8 billion). That compares to its previous target of as much as 5.6 trillion won which if it had been reached would have been a record for South Korean IPOs.
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