South Korean Lionheart Studios has changed its mind about going public
The developers of Odin: Valhalla Rising expected to attract up to ₩604.2 billion ($422 million) with the help of the listing. If they succeeded, their IPO would be the second largest in South Korea in 2022, according to Bloomberg.
Lionheart Studios did not explain why it refused to go public.
Note that Kakao Games, which owns 55% of the studio, has been getting cheaper for almost the last year. The value of its shares fell by 67.5% compared to the peak in November 2021.
