The little-known video game studio making small-hit ‘PUBG’ is planning an IPO, which could take it to $ 27 billion in value, the report said

  • The video game studio behind “PUBG” is planning an initial public offering in 2021, Bloomberg reported.
  • Bloomberg cited a recent estimate that an IPO could give more than $ 27 billion in value to South Korean company Krafton Inc.
  • The company’s CEO plans to release three more games based on or related to “PUBG” by 2022.
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As reported by Bloomberg, the South Korean video game studio has made a splash of “Player UNDoggle’s Battleground,” or “PUBG”, which is planning an initial public offering in the second half of 2021.

Kim Chang-Han, who started Young in the gaming industry as Coding Wise, was one of 30 people who worked on creating multiplayer Battle-Royale games.

Kim Now Krafton Inc. Is the chief executive of the company, which launched “PUBG” in December 2017. The game attracted players from all over the world, generating $ 100 million in revenue within 13 weeks of its global release.

According to figures released by Statista, “PUBG” had a peak of about 438,000 people in November of last year, playing at the same time. In January 2018, the highest number of people playing together all-time – around 3 million – was recorded.

Kim had her own gaming studio before Crafton. But he retained a third of his workforce in 2014, Bloomberg said. By then, he made three multiplayer video games that failed to stop.

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“It was the darkest time of my life,” Bloomberg said. He sold his startup to Crafton in 2015, creating a series of events that transformed his prospects in the gaming world.

He joined the company as an executive producer, nominating the post of CEO only last year. Crafton now plans to list a public offering that could be South Korea’s biggest in years. A share sale could raise billions of dollars for the company, Kim told Bloomberg.

Bloomberg cited a recent report by Eugene Investment & Securities to estimate that an IPO could value a company as high as $ 30 trillion or $ 27.2 billion. It predicted that South Korea could reach close to $ 11 billion in 2021 through 120 IPOs.

Crafton plans to release three more games by 2022, all of which will be related to or related to “PUBG”. One of them is expected to be a survival-horror game that portrays the “PUBG” universe in the distant future.

“We won’t live as one-hit surprises,” Kim said in a Bloomberg interview.

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