The company sold 7.25 million shares in its IPO, raising 435 billion won or about $315.56 million.
The video game developer saw its shares climb as high as 89,500 South Korean won apiece, a 49.17% gain from its IPO price of 60,000 won.
The company is the maker of games like PlayStation 5 exclusive Stellar Blade and Goddess of Victory: Nikke. Shares of South Korean video game developer Shift Up spiked almost 50% as the company debuted on the Kospi on Thursday.as its second largest shareholder, saw its shares climb as high as 89,500 South Korean won apiece, a 49.17% gain from its initial public offering price of 60,000 won., raising 435 billion won or about $315.56 million. At the offering price, the company would be valued at 3.48 trillion won, according to CNBC's calculations.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyHong Kong's IPO market is finally starting to turn around, consulting firm EY says
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