Creator of Player Unknown’s Battlegrounds, or PUBG, Krafton Inc. is planning an initial public offering (IPO) mid to late 2021. This IPO could be the biggest in South Korea in the past years. The IPO could value the start-up as high as $27.2 billion according to a January 5 report by Eugene Investment & Securities Co.
Kim Chang-Han, South Korean National coding champion and now CEO at Krafton was at his lowest in 2014, he had created three multiplayer online games at three start-ups that all didn’t seem to have done wonder in the industry, after which he sold his firm to Krafton Inc. and joined as executive producer.
As a last attempt, he decided to make an online battle royale game, PUBG. It became one of the most successful games of all time, with the PC and console versions selling more than 70 million copies, according to Krafton.