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Krafton Goes Public. Tecent is shareholder.

One of the biggest Korean listings of the year is under process as the game developer behind PUBG has decided to go public. Krafton Inc. is the developer of the astronomically popular game PlayerUnknown’s BattleGrounds (PUBG). Earlier this month Krafton Inc. applied for preliminary approval for an IPO, news confirmed by Korean Exchange.

PUBG’s Game Developer Krafton Goes Public Billion-dollar IPO

PUBG’s Game Developer Krafton Goes Public Billion-dollar IPO

Krafton Inc IPO is expected to be one of the biggest listings in the Korean Exchange this year. According to a Seoul-based Analyst, over-the-counter trades for this listing were valuing the game developer behind PUBG at more than 20 trillion won which is roughly $17.92 billion.

Yes, Tencent is also shareholder

As for the shareholder details, Krafton’s founder Chang Byung –Gyu is the largest shareholder with a 16.4% stake. The second major stakeholder is China’s Tencent Holding with a 15.5% stake. Rest is small shareholders who account for less than 1% individually and when combined accounts for 23.2%.

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PUBG is on a roll

PUBG enjoys massive success throughout the world and is the highest-grossing video game of all time. Daily concurrent users on PUBG are more than 55 million and this figure excludes Mainland China. Moreover, the upcoming new game PUBG: New State has recorded a mammoth 5 million pre-registrations in a week.

Korean Exchange also shared some details about the game developer behind PUBG reported revenue in 2020 which amounts to 1.67 trillion won and an operating profit of 774 billion won.

As for the IPO adviser, Mirae Asset Daewoo is the main adviser, and Credit Suisse, Citigroup Global Markets, Korea Investments & Securities, NH Investments & Securities, and JP Morgan are secondary advisers.

Some other notable IPOs in Korean Exchange lately are SK Bioscience Co Ltd was the biggest IPO in Seoul, the company is in the vaccine development business. While SK IE Technology’s upcoming IPO is expected to be at least $1.5 billion.

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.