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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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Exclusive Asia
ByteDance’s Stock Value Falls by 20% in Secondary Sale After China Crackdown
By Juro Osawa · Oct. 26, 2021 8:33 AM PDT
Photo by Bloomberg
Is TikTok cheap? Some investors think so and are buying private shares of TikTok owner ByteDance from existing investors at prices that value it at a steep discount compared to trades from earlier this year. Recently, the family office of a Middle Eastern billionaire struck a deal in the secondary market to buy shares that valued closely held ByteDance at $320 billion, and a hedge fund bought a...
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Data Point
How Creator Economy Investments Could Hit $5 Billion This Year
By Kaya Yurieff and Mahira Dayal
Facebook wants to talk about its ties to creators. So do Chipotle, Disney and Stripe. The upswell of interest in people earning a living from their online followers means it has never been a better time for founders building startups that serve creators.
Data Point Venture Capital
Andreessen Horowitz Investment Staff Grew 170% in Four Years
By Mahira Dayal and Amir Efrati
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Art by Mike Sullivan
Exclusive Media/Telecom Facebook
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It’s not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree not to publish stories about them until a certain date.
Kyle Samani, Multicoin Capital co-founder and managing partner. Screenshot via YouTube. Art by Mike Sullivan.
Exclusive Crypto Venture Capital
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By Kate Clark
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Outside an Apple store in New York. Photo by Bloomberg.
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Illustration by Josh Brill
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