South Korean game company Krafton cuts IPO price by over 10%

PUBG developer faces headwinds ahead of listing delayed to next month

20210701 Battleground app

Krafton is known for its popular game PlayerUnknown's Battlegrounds, or PUBG. (Source photos by Reuters and Getty Images)

KIM JAEWON, Nikkei staff writer

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.

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