Asian ECM bankers have a new hive of activity to focus on: South Korea.
The country’s largest ever IPO, worth close to $5 billion potentially, is under way right now for video game developer Krafton.
And that is just part of what could become a record year for Korean listings. So far in 2021, more than 40 issuers have raised around W5.6 trillion ($4.9 billion) in the IPO market – which also happens to be the amount Krafton is hoping to raise in a single deal.
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