PUBG maker Krafton lowers IPO target, no longer S Korea's largest

PUBG maker Krafton has cut its targeted initial public offering (IPO) by nearly a quarter after a regulator warned that it needed to revise its filings. The company is now expected to raise about 4.3 trillion won ($3.8 billion). Krafton had earlier planned to raise up to 5.6 trillion won ($5 billion), which would've made it South Korea's largest-ever IPO.