PUBG maker Krafton is going public 🎮

Krafton, the company that made the sensational phenomenon PUBG, is all set to IPO, raising $5 billion at a $25 billion valuation, smashing the record of Samsung Life, to be the LARGEST IPO by a Korean company to date.

COVID-driven boom in gaming helped Krafton make more than a billion dollars in revenues last year, across its portfolio which has a bunch of games and other content services, with operating margins of nearly 70% — none of that “we proudly lose cash” BS comin’ from every other growth company...

And among other games, PUBG is a star by a mile and more — getting 1 billion+ downloads on mobile to date. With an India relaunch imminent, expect those numbers to jump even more. Going forward, the company has plans to expand into wider media opportunities at its disposal — including web-based cartoons, movies, and paradigm shifts like AR.