Krafton, the South Korean company behind the hit title PlayerUnknown’s Battlegrounds, plans to raise $5 billion in an initial public offering at a $25 billion valuation, Bloomberg reported. The IPO would be a boon to investors such as Chinese internet giant Tencent, which owns a roughly 16% stake in Krafton. However, it remains to be seen whether Krafton can produce a steady stream of hits...
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South Korean Videogame Maker Behind PUBG Seeks $5 Billion in IPO
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Delian Asparouhov, newly minted Founders Fund partner and co-founder of Varda Space Industries, is obsessed with speed. As a hobby, he’s getting his pilot’s license, hoping to eventually fly a fighter jet. On the ground, he prefers to listen to audiobooks at triple the normal tempo. And when he started Varda in late 2020, he set a moonshot goal: Launch one of its meter-wide...
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