Krafton Looking To Go Public Next Week, Could Be South Korea's Biggest IPO
When we last heard about Krafton's potential for going public, the estimate for its initial public offering was a staggering $18 billion. That was two months ago, and now that we seem to be on the verge of the big event, that number might have been understated.
TheStar is reporting that Krafton's IPO will take place next week and appears to be "at least US$5 billion." The TERA and PlayerUnknown Battlegrounds developer will reach that number by selling 20% of its shares.
TheStar noted, however, that Krafton "would be valued at around US$25 billion based on its current plans, although the final size of the IPO could increase." Even at just $5 billion, it would be the biggest IPO in South Korean history, beating out the $4.4 billion valuation of Samsung Life Insurance in 2010, though LG Energy Solution is apparently seeking an IPO in the $10 to $12 billion range.
It's interesting to note that, like Roblox before it, Krafton is going public in the wake of the COVID-19 pandemic, which rocketed several game companies' fortunes into the stratosphere. While it may have been bad for the world in general, it was great for video game developers, and some of the biggest are looking to cash in while they're at their max value.
Related Articles
- Roblox Crosses The $1 Billion Bookings Mark Last Quarter And Console Had "Unusually High Growth"
- Facing Mounting Criticism, Roblox Will Add New Protections For Users Under 13 And New Account Options For Parents
- Roblox Denies Claims Made In Hindenburg Report About “Inflated Metrics” And A Lack Of Safety For Kids
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
More Stories by Jason WinterRead Next
Yesterday's Summer Game Fest event had a whole lot going on -- announcement-wise -- so you may have missed this little bit with everything going on, but if you're a fan of thatgamecompany's Journey, Flower, or Flow, you're gonna...
You May Enjoy
The idea is for players to have extra incentive to try out various systems and features.
Over 30 million MapleStory assets available and advanced LUA options are unlocked.
It’s not a Control sequel, though it is related.
New players are being called to the game with updated tutorials and some free patron time.
Discussion (0)