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IPO

Krafton expects IPO success as big investors show interest

South Korean game developer downplays overvaluation concerns

SEOUL -- South Korean online game developer Krafton said Monday that it expects success in its initial public offering, as institutional investors are showing strong interest in the company's listing procedures ahead of its debut on the Seoul stock market next month.

Chief Financial Officer Bae Dong-geun said that many long-term global investors have expressed trust in the company during two weeks of so-called book building -- the settling on an IPO price -- which closes on Tuesday. Krafton will confirm the figure on Thursday after consulting with lead manager Mirae Asset Securities.

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