Netmarble Games raises $2.3 billion in South Korea’s second-biggest IPO

(Reuters) – Netmarble Games, South Korea’s largest mobile games maker, has raised $2.3 billion in the country’s second-biggest share sale, just weeks after one of its domestic-only titles sold so well it was named the world’s best-selling mobile game.

The firm priced its initial public offering (IPO) at the top of an indicative range as largely expected, analysts said, due to its ability to consistently publish hit games in the highly competitive mobile sector.