PUBG owners to go public in August seeking capital to buy new studios

Krafton Inc. wants to raise $ 3.75 billion to continue its expansion with battle royale as a great asset.

Krafton Inc. announced its upcoming IPO yesterday with the goal of raising $ 3.75 billion , the second-largest initial public offering in the history of the Republic of Korea stock market. The idea with this movement of the owners of PUBG Corp. is to seek capital to continue the expansion already discussed days ago: to turn the battle-royale into a great multimedia universe .

Bae Dong-keun, the company’s chief financial officer, explained that they will use 70% of the funds raised for these purposes, specifically for the purchase and mergers of new studios . According to the Bloomberg news agency , in Krafton Inc. they consider that they have been hampered in this process in the past by the high prices of the industry for these agreements seen these years.

The operation has been underway for quite some time, having lost a good part of its ambition along the way with a total amount 25% lower than the IPO presented at the beginning of this month of July, although this IPO continues to be the second largest in the South Korean stock market, only behind Samsung Life Insurance, a “sister” insurance company of technology.

Returning to PUBG Corp., a few days ago the firm announced plans to expand PlayerUnknown’s Battlegrounds beyond its successful battle-royale on PC, consoles and mobiles. The first stop we have in a very short time with PUBG New State , while in the coming years the launch of survival-horror The Callisto Protocol and two other more mysterious projects are expected .

Likewise, the company handles multimedia agreements to create comics of different kinds, including an animation project with a Castlevania producer.