PUBG parent Krafton planning IPO

Krafton can become one of the biggest gaming companies in the world. PUBG parent company is planning an initial public offering in the second half of 2021. It could value Krafton at as much as $27.2 billion.

This is according to Bloomberg that also notes this will be South Korea’s biggest IPO in years.

PUBG‘s PC and console versions has sold over 70 million copies since launch in 2017, while the mobile has been downloaded about 600 million times.

Going public will allow Krafton to expand its portfolio. “We will not stay as a one-hit wonder,” said Han Kim, general partner and co-founder of Altos Ventures Management Inc., one of Krafton shareholders. This year, the company is launching a new PUBG-related battle royale mobile game. Its survival horror The Callisto Protocol, which is also set in the PUBG universe but three centuries later, is due out in 2022.