PUBG proprietor Krafton applies for preliminary approval forward of potential IPO

Krafton, the online game holding firm that owns PlayerUnknown’s Battlegrounds, has utilized for preliminary approval for an preliminary public providing (IPO) that might ship a multi-billion greenback valuation.

As highlighted by the Financial Occasions, the Korea Trade — which is the only real securities change operator in South Korea — shared information of Krafton’s utility earlier this week.

This is not the primary time we have heard rumblings of a mammoth IPO for the PUBG dad or mum firm. Again in January, Bloomberg reported the South Korean agency was trying to go public in a transfer that might worth it at as a lot as $27.2 billion. 

That determine has been downsized in the most recent spherical of studies, and now it is advised the corporate could be valued at round $17.92 billion.