Krafton with estimated value of near $30 billion embarks on IPO process

Krafton, the South Korean label behind globally-popular survival shooting game “PlayerUnknown’s Battlegrounds,” (PUBG) has embarked on the process of IPO that could bring a mega game stock with value of over 30 trillion won ($25.7 billion) to the main Korean bourse.

Krafton has invited securities companies at home and abroad to submit their IPO outline proposal by October 12, according to investment bank industry sources on Thursday.

The game developer hopes to join the Kospi next year. It took off as Bluehole in 2007. The company is best known for online multiplayer battle royale game PUBG that delivered $100 million revenue in