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IPO

Game maker Krafton aims for up to $5bn in South Korea's biggest IPO

Creator of top-selling PUBG also expanding into India, cartoons and AI

A man plays PlayerUnknown's Battlegrounds, launched in 2017, at the Paris Games Week the following year.   © Reuters

SEOUL (Reuters) -- Krafton, the South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds", said on Wednesday its IPO would raise up to 5.6 trillion won ($5 billion) at the top of an indicative range, which would be a record for the country.

Krafton said in a regulatory filing it expected to offer 10 million shares, including 7 million new shares and 3 million existing shares, at an indicative range of 458,000-557,000 won per share.

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