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Seoul equities market springs to life with big IPOs

Netmarble, Celltrion Healthcare share offerings in the pipeline

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The founder and chairman of the board of Netmarble Games, Bang Jun-hyuk, speaks during a news conference in Seoul on Jan. 18,.   © Reuters

SEOUL -- South Korea's equities market is coming to life, led by an online game developer hoping to raise as much as 2.7 trillion won ($2.4 billion) in an initial public offering in April, the largest such deal in seven years.

Netmarble Games said Monday it planned to sell 17 million new shares at between 121,000 won and 157,000 won each ahead of a listing on the Kospi. The company posted 1.5 trillion won of sales last year, up from 1.1 trillion won a year ago.

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