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South Korean Videogame Maker Behind PUBG Seeks $5 Billion in IPO

By Wayne Ma
· · Source: Bloomberg

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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Microsoft CEO Satya Nadella in 2019
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Nate CEO Albert Saniger. Art by Mike Sullivan
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