Tencent-backed video game developer Shift Up closes up 18% in Seoul debut

South Korean company marks country's second-biggest IPO this year

20240710 South Korea game Shift Up

Shift Up is South Korea's fourth-largest game developer, having a lineup of Nikke: Goddess of Victory and Stellar Blade. (Screenshot of Shift Up website)

KIM JAEWON, Nikkei staff writer

SEOUL -- South Korean game developer Shift Up made a successful debut in Seoul's stock market on Thursday, closing up 18% from its initial public offering price of 60,000 won per share after rising as much as 49% at one point.

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