Netmarble to raise $2.4 billion in IPO for it mobile gaming business

Netmarble Games has filed papers to raise $2.4 billion in an initial public offering (IPO).

The Seoul-based company is South Korea’s largest maker of mobile games, with hits such as Marvel: Future Fight, and it recently acquired the Vancouver division of Kabam, maker of Marvel: Contest of Champions, as part of its drive into Western games. The IPO would be South Korea’s biggest since Samsung’s insurance arm went public in 2010.