Krafton, creator of PUBG mobile game, hires bankers for South Korean IPO

Photo: Reuters

Krafton Inc., the company behind the hit mobile game PlayerUnknown’s Battlegrounds, said it hired Mirae Asset Daewoo to lead an initial public offering planned for next year, in what could be South Korea’s largest-ever debut.

The company plans to accelerate its stock offering plans and has also hired Credit Suisse Group AG, Citigroup Inc. and JPMorgan Chase & Co., the company said. The country’s Kakao Games Corp. went public last month and more than tripled in its first two days of trading. Krafton could be valued at about $26 billion, based on the multiples for fellow Korean game makers Netmarble Corp. and NCSoft Corp., according to local. That would make Krafton one of South Korea’s largest companies.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter