Krafton is a South Korean Video Game company famous for PUBG. By selling 20% of its stock in an IPO, the corporation seeks to achieve at least $5 billion. In contrast, Krafton has a partnership with Tencent.
About Krafton IPO:
The company will begin its initial public offering (IPO) early next week. it might be South Korea’s largest listing in 11 years.
Krafton Inc said today that Krafton IPO might generate up to 5.6 trillion won ($5 billion) at the top of a range.
South Korea is having its busiest IPO market on record. Moreover, analysts predict that at least 20 trillion won ($18.4 billion) will be raised in 2021. Which is, about four times the amount raised in 2020.
According to another source, the company would be valued at roughly $25 billion based on its current intentions. However the IPO’s final size could climb.
Krafton is attempting to break Coupang Inc.’s record for the largest debut among South Korean companies. It was set in March when the company raised $4.6 billion in an IPO on the New York Stock Exchange.
Samsung Life Insurance Co.’s $4.3 billion share sale on domestic exchanges in 2010 was the greatest.
About Games by Krafton:
The company is worldwide famous for PUBG. It is a huge company based in South Korea and has partnerships with various big companies.
Mr Chang Byung-Gyu is the CEO of the company. Few months back, he distributed his shares amongst the employees.
Many games, including PUBG, have been developed by the corporation. Bluehole Studio, PUBG Studio, Striking Distance Studios, and RisingWings are their subsidiaries.
Moreover in partnership with Tencent, PUBG Mobile is one of the highest-grossing games. Meanwhile they are developing PUBG: New State, a futuristic battle royale game.
To summarise, Krafton is a highly successful video game company. Also, it shall break others’ records in the market.