PlayerUnknown’s Battlegrounds parent company, Krafton, is planning an IPO worth $27.2 billion for the end of 2021. Thanks to the IPO, the company may become one of the biggest gaming companies in the world.
Will Krafton outstrip the big game companies?
PUBG creator Krafton is planning an IPO for the end of this year. According to a report from Eugene Investment & Securities Co in Bloomberg, the IPO could value the company at up to KRW 30 trillion ($27.2 billion).
This will make the company become one of the largest gaming companies in the world. Indeed, the value in the estimates will surpass Take-Two, which has a market value of $22.58 billion, and Bandai Namco, which is around $19.7 billion.
Krafton is known for the popular battle royale title, Playerunknown’s Battlegrounds. The game has grown since its release in Early Access in March 2017, and as of July 2020, it has sold 70 million copies on PC and consoles. Its mobile version was also the first mobile battle royale to surpass $1 billion after released in 2018.
In September 2020, the company reorganized its internal development teams and included PUBG Corp in the company. Previously, PUBG Corp was created by Krafton, later known as Bluehole, to manage the development and growth of PlayerUnknown’s Battlegrounds.
Now the company is working on a new battle royale game that will take place in the PUBG universe. The game, which will be released on mobile later this year, will be on console and PC in 2022.