![]() ![]() The IPO was held on 10 August 2021 while its value dropped by 8.8% from the original asking price at the end of trading, it still ended with Krafton being valued at US$19.32 billion. The firm plans to raise ₩5.6 trillion (US$5 billion) at a market valuation of ₩30 trillion ( US$27.2 billion). The company announced its plans to file for an initial public offering in July 2021, filing its initial approval for listing on the Korea Stock Exchange in April 2021. Kim Chang-han, the CEO of the PUBG Corporation (current PUBG Studios) that developed PlayerUnknown's Battlegrounds, was named as CEO for Krafton. "Krafton" was selected based on the names of craft guilds of the Middle Ages. History įollowing the success of PlayerUnknown's Battlegrounds which had led to both investment from Tencent Holdings and expansion and acquisition of studios, Bluehole opted to establish Krafton on 5 November 2018 to serve as a holding company for its video game properties. According to Forbes, Chang has a net worth of $2.9 billion and is one of the seven gaming billionaires in South Korea. ![]() The company has produced or owns the rights to several notable video game titles including TERA, PUBG: Battlegrounds, New State Mobile, and Moonbreaker. It was created in November 2018 to serve as the parent company for Bluehole, founded by Chang-Byung-gyu in Seoul in March 2007, and its subsidiaries. ( Korean: 주식회사 컴퍼니 크래프톤) is a South Korean video game holding company based in Bundang-gu, Seongnam. ![]()
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