Books close this week and pricing is expected to be finalized on Monday, said the source, who declined to be identified because the information was confidential.
SEOUL ― South Korean gaming company Shift Up, backed by China's Tencent, is set to price its initial public offering at the top end of its price band and raise 435 billion won , according to a source with knowledge of the matter. Shift Up did not have an immediate comment when contacted by Reuters.If finalized, the pricing would give the game developer a market capitalization of 3.5 trillion won .
Shift Up, which debuted its first game 'Destiny Child' in 2016, succeeded with mobile game 'Goddess of Victory: Nikke,' which has booked 255 billion won in sales between its global launch in late 2022 and the first quarter of 2024.Its latest title 'Stellar Blade' released on PlayStation 5 in April with an exclusive publishing deal with Sony, hit No. 1 in Japan's PlayStation download rankings and No. 2 in North America, analysts said.
Shift Up May Price IPO At Top End Of Band
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