PUBG dev's billion-dollar IPO may be biggest in South Korean history

PUBG developer Krafton plans to go public with an IPO, and it could beat Samsung as South Korea's biggest IPO in history.

@DeekeTweak
Published Tue, Jan 19 2021 7:09 PM CST   |   Updated Wed, Feb 24 2021 2:31 AM CST

Krafton, the parent company of PUBG developer Bluehole, plans to go public sometime in 2021 with an IPO. It could be the biggest in South Korea's history.

PUBG dev's billion-dollar IPO may be biggest in South Korean history 53 | TweakTown.com

According to a new report from Bloomberg, the billion-dollar battle royale titan behind PUBG will hold an initial public offering and start trading on the Korea Stock Exchange. Krafton plans to hold the IPO in mid-2021, CEO Kim Chang-han said. Some brokerage firms value the gaming giant as high as $27 billion. For comparison, Activision-Blizzard, one of gaming's colossal earners, has a market cap of $71 billion.

Bloomberg notes that Krafton's IPO could be the biggest in South Korea's history; the record is held by Samsung, who generated $2.4 billion in a 2010 initial public offering.

There's currently no information on share price targets, investors, or volume of shares.

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NEWS SOURCE:bloomberg.com

Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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