Shares in S.Korea's Krafton, maker of hit game 'PUBG', fall in debut

KRAFTON

10/08/2021 01:02

SEOUL, Aug 10 (Reuters) - Krafton Inc  259960.KS , the South
Korean company behind the blockbuster video game
"PlayerUnknown's Battlegrounds" (PUBG), saw its shares open down
9.9% from their initial public offering (IPO) price on their
trading debut on Tuesday.
    The developer, backed by Chinese gaming giant Tencent
Holdings Ltd  0700.HK , raised $3.75 billion in South Korea's
second-largest IPO.
    That came even after the firm cut its fund-raising target by
a quarter after regulators ordered it to revise its filings.

 (Reporting by Joyce Lee and Jihoon Lee; Editing by Edwina Gibbs
and Christopher Cushing)
 ((jungyoon.lee@tr.com; +82 2 6936 1467;))