South Korean game maker Krafton's highly anticipated IPO was reportedly open for subscriptions from retail investors on August 2-3, and the response from investors has been relatively lukewarm.

According to Korean investment banking sources on Aug. 3, individual investors bid a total of 5.04 trillion won for the retail portion of Krafton's IPO, far below the 58.3 trillion won of Internet bank Kakao Bank and the 29.2 trillion won of pharmaceutical company HK inno.N.

The company was only 7.79 times oversubscribed, and on Aug. 2-3, Korean workplace social platform Wantedlab also conducted a public subscription, which was 1,731 times oversubscribed, attracting individual investors to apply for shares worth a total of 5.5 trillion won.