PUBG owner Krafton applies for IPO

PlayerUnknown’s Battlegrounds parent company Krafton has applied for an IPO.

The IPO, Reuters reports, will become one of the biggest listings this year in Korea, with Seoul-based analysts valuing Krafton at around 20 trillion won ($17.92 billion). This is down from the previously reported estimates valuing the company at $27.2 billion.

According to Korea Exchange, Krafton reported revenue of 1.67 trillion won and operating profit of 774 billion won in 2020.

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Analytics: Revenue of Last War: Survival has approached one billion dollars

Last War: Survival is a mobile strategy game set in a zombie apocalypse, developed by the Singaporean company First Fun. The game was released in July 2023. According to the analytics firm Sensor Tower, since its release, Last War: Survival has generated over $900 million