SEOUL, KOREA - In a public subscription for Devsisters Corp., a game developer famous for mobile game "Cookie Run," the world's big investment firms such as BlackRock, Inc., Fidelity Investments, and Wellington Management have participated. 

 

The three investors had also taken part in the subscription of Cuckoo Electronics in July. As they earned more than 100 percent from the investment within two months' time, they again invested Devsisters as arranged by Woori Investment & Securities, the underwriter responsible for the Cuckoo Electronics IPO as well.

 

Thanks to the keen interest shown by global investors, the Devsisters public subscription ended with the competition ratio of 651 to 1. Although its asking price was 43,000-50,000 won, the final subscription price was set at 53,000 won, 3,000 won higher than the upper bound of the asking price. As many as 52.67 percent of institutional investors entered the price between 55,000 and 60,000 won. The percentage of those who offered the price over and above 60,000 won was 44.70 percent.

 

Cookie Run of Devsisters Corp., established in 2007, was ranked No. 1 in terms of download numbers among domestic mobile games, with No. 3 in mobile game revenue. The company earned 98 percent of its sales revenue last year of 61.3 billion won.