Tencent-backed video game developer Shift Up closes up 18% in Seoul debut
SEOUL -- South Korean game developer Shift Up made a successful debut in Seoul's stock market on Thursday, closing up 18% from its initial public offering price of 60,000 won per share after rising as much as 49% at one point.
The issue's first day of trading began at 79,900 won, 33.2% above the IPO price. The shares later extended the gains to 89,500 at one point, 49.2% above the IPO price, before closing at 71,000 won.
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