Krafton, the company behind the blockbuster video game PlayerUnknown's Battlegrounds (PUBG), will conduct its initial public offering (IPO) early next week, in what might be South Korea's largest listing in 11 years. Based in Seongnam, is a South Korean video game holding company renowned for PlayerUnknown's Battlegrounds. It was formed in November 2018 by Bluehole in order to better unite itself and its subsidiaries under one brand.
- Krafton would be the biggest IPO in South Korea since Samsung Life Insurance's 4.9 trillion won ($4.4 billion) float in 2010, according to exchange data.
- Krafton Inc, the South Korean firm behind the popular video game "PlayerUnknown's Battlegrounds," said on Wednesday that its initial public offering (IPO) might generate up to 5.6 trillion won ($5 billion) at the top of an indicative range, a new high for the country.
- Tencent-backed In a regulatory filing, Krafton stated that it plans to issue 10 million shares, consisting of 7 million new and 3 million existing shares, at a price range of 458,000-557,000 won per share.
- According to a regulatory filing, Tencent (0700.HK), a Chinese gaming and social media giant is Krafton's second-largest shareholder, holding a 15.35 percent ownership through an investment vehicle.
- The IPO's principal advisor is Mirae Asset Securities, with Credit Suisse, NH Investment & Securities, Citigroup, and JP Morgan also on board.