News Profit's Takes

Krafton Aims To Raise $5B Through Initial Public Offering

Krafton Inc. recently announced its plan to raise $5 billion through an initial public offering. The organization said it will offer 10.06 million shares of common stock in the company at a price range of $409 to $498 per share in a regulatory filing.

Krafton’s offering size is expected to be somewhere between $4.12 billion and $5.01 billion with the currently anticipated price range. This would give Krafton a market capitalization value of $20.6 billion to $25.1 billion.

If Krafton’s offering size is more than $4.38 billion, it would be the largest initial public offering in South Korean Stock Exchange history. The record for largest IPO on the South Korean stock exchange was originally set by Samsung Life Insurance back in 2010.

Krafton is a South Korean-based video game holding company located in Seongnam. The company was founded in 2007 and is most famous for developing PlayerUnknown’s Battlegrounds, or PUBG.

The Profit‘s Take:

It’s pretty interesting that this company is going for a $25 billion valuation when they pretty much have one big game: PUBG Mobile. Still, that one game was downloaded 175 million times last year in India alone! It just makes me wonder since Epic Games is currently valued at $28 billion, are these companies basically worth the same?

(All information was provided by Venture Beat, The Esports Observer, and Google)

0 comments on “Krafton Aims To Raise $5B Through Initial Public Offering

Leave a Reply

%d bloggers like this: