PUBG proprietor Krafton applies for preliminary approval forward of potential IPO

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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.



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