Tencent-backed Shift Up shares rise 33% in South Korea debut (updated)

SHIFT UP

11/07/2024 01:05

(Adds market valuation, paragraph 2)
       SEOUL, July 11 (Reuters) - Shares of Shift Up
 462870.KS  rose 33% above their initial public offering price
in their South Korean stock market debut on Thursday. 
    The opening price gave the South Korean gaming company,
backed by China's Tencent  0700.HK , a market valuation of about
4.6 trillion won ($3.33 billion).  
 ($1 = 1,382.8600 won)

 (Reporting by Joyce Lee and Scott Murdoch; Editing by Sandra
Maler and Himani Sarkar)
 ((joyce.lee@tr.com;))