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IPO priced PUBG Parent Company ‘Krafton’ at $27b

IPO rated PUBG’s net worth up to $27 billion. The Bloomberg report claimed that the company is planning to go public this year.

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IPO rated PUBG’s net worth up to $27 billion. The Bloomberg report claimed that the company is planning to go public this year.

The former owner of PUBG Chang- Han had a bumpy road he created three multiplayer games in 2014 in South Korea in the ’80s. All his efforts were in vain, PUBG was his last shot in the gaming industry. He later sold his company to Krafton and stayed as an executive producer.

When Brendan Greene was chosen as PUBG’s creative director everything was put in order. Six years later. The game sold over 70 million copies on PC and consoles. Marking number one position in the industry easily moreover, the mobile version of the game has reached 600 million installations. 

However, now that company is going public, IPO rated it as the biggest initial public offer in South Korea. Selling shares will result in the company earning billions and could raise their worth to 30 trillion which in American dollar is $27.2 billion.

PUBG is the treasure for Krafton while they are running four game studios. However, the game approaching $1.1 billion from the end of January to the end of September marked the majority of its sales and profit. It is most notable in comparison with other game studios they own.

Moreover, Krafton is looking to expand its property by releasing animated drama and movies. However, it is also set to release a new battle royale mobile title that is based on PUBG launching this year in affiliation with a PC console game coming next year. Also, they are to release another game in 2022, a survival horror game that will take place three-century into the future.

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