Naver Revises Nvidia Share Sale Proceeds Down to KRW 1.34 Trillion on Exchange Rate Adjustment

Bitget2026/11/03 08:23

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Naver’s November 3, 2026 correction reduced its common share issuance to Nvidia to 6,558,435 shares from 7,241,564.
Final proceeds fell to KRW 1.34 trillion from KRW 1.48 trillion following confirmation of the payment exchange rate.
The USD 1 billion subscription was converted at KRW 1,341.2 per dollar, with an issue price of KRW 204,500 per share.
Proceeds will fund new AI Factory businesses, with payment scheduled for November 6, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Naver Corporation published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261103000311), on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Naver Revises Nvidia Share Sale Proceeds Down to KRW 1.34 Trillion on Exchange Rate Adjustment

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