Popular multiplayer battle royale title PUBG’s parent company Krafton is reportedly planning to go public on Korea Exchange Market (KRX) in the second half of 2021.
“Krafton, the maker of global video game smash PlayerUnknown’s Battlegrounds (PUBG), is planning an initial public offering in mid to late 2021 that could be South Korea’s biggest in years,” wrote Bloomberg.
According to a recent report from Eugene Investment & Securities Co., the initial public offering could raise Krafton’s value up to $27.2 billion (KRW 30 trillion) making the firm one of the biggest games companies around the globe.
In 2017, Krafton which was known as Bluehole at that time formed PUBG Corp. to manage the business of the rising title and the company merged with PUBG Corp. in September 2020.
Free-to-play PUBG Mobile game was launched in 2018 and has generated over 734 million downloads so far. The title surpassed $3.5 billion in lifetime revenue in September 2020 and it was the highest grossing mobile game of 2020 with $2.6 billion.
Also Read: PUBG Mobile Revenue & Usage Statistics
Furthermore, PUBG has sold over 70 million copies on personal computers and game consoles including PS4 and Xbox One.