Reported 9 months ago
South Korean gaming company Shift Up, backed by China's Tencent, is expected to price its IPO at the top end of the price band, raising 435 billion won ($313 million) and potentially reaching a market capitalization of 3.5 trillion won ($2.52 billion). Tencent, with a 40% stake, may see its holding decrease to around 35% after the IPO. Shift Up, known for games like 'Destiny Child' and 'Stellar Blade,' reported strong financials and is set to list in July, following the path of other successful IPOs like Webtoon Entertainment.
Source: YAHOO