Shift Up Confirms IPO Price at 60,000 KRW... Expected to Rank 4th Among Game Companies

Plan to Raise 435 Billion KRW with 7.25 Million Public Offering Shares
Market Cap Estimated at About 3.48 Trillion KRW Based on Offering Price
General Investor Subscription on July 2-3, Listing Date July 11

Shift Up, a game company preparing for a KOSPI listing, has set its public offering price at the upper end of the desired range, 60,000 KRW.

Shift Up announced on the 1st that it plans to raise a total of 435 billion KRW by offering 7.25 million shares.

Based on this public offering price, Shift Up's market capitalization is approximately 3.4815 trillion KRW. This ranks it fourth among KOSPI-listed game companies, following Krafton, Netmarble, and NCSoft.

Shift Up will conduct a subscription for general investors from the 2nd to the 3rd and is scheduled to be listed on the 11th. The joint lead managers for the listing are Korea Investment & Securities, J.P. Morgan Securities, and NH Investment & Securities, with Shinhan Investment Corp. as the underwriter.

Shift Up is a global game developer. Its representative works include the mobile game "Goddess of Victory: NIKKE," released in 2022, and "Stella Blade," launched in April this year on Sony's PlayStation 5 platform. "Stella Blade" is operated with Sony, the world's largest console platform operator, as its exclusive publishing partner. Shift Up is the first Korean game company to sign a second-party contract with Sony.