SEOUL -- South Korean computer game developer Krafton cut its initial public offering price range by more than 10% on Thursday and postponed its listing, surrendering to a demand by regulators to fix the valuation.
Krafton, known for PlayerUnknown's Battlegrounds, or PUBG, said that it will lower its IPO price to a range of 400,000 won ($353) to 498,000 won from its previous band of between 458,000 won and 557,000 won.
