ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

PUBG firm Krafton plans to raise $5bn in IPO

PUBG firm Krafton plans to raise $5bn in IPO

Korean games firm Krafton reckons it will bring in ₩5.6 trillion ($5 billion) in its upcoming initial public offering.

As reported by Bloomberg, this is set to be the latest IPO that South Korea has ever seen. Krafton will be selling over 10 million shares, with its share prices set to be between ₩458,000 ($409.51) and ₩557,000 ($498) each. Apparently, the company will be finalising this cost by July 9th ahead of its listing on July 22nd.

If Krafton edges towards the higher end of that range, then it could have a market cap of ₩28 trillion ($25 billion). Earlier this year, one investment company pegged the company at being worth ₩20 trillion ($17.9 billion); this new potential valuation is closer to the $27.2 billion that another outfit valued Krafton at in January.

In April, the company applied for its IPO. Krafton is best known for the Playerunknown's Battlegrounds series of video games, which has sold over 70 million units on PC and console since its March 2017 debut. Meanwhile, PUBG Mobile has been downloaded more than one billion times and – at the end of 2020 – had brought in around $4.3 billion in revenue.


Tags:
PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies