PlayerUnkown's Battlegrounds (PUBG) is one of the best-selling, highest-grossing and most-played video games of all time. It has racked up over a billion downloads for mobile versions as of March 2021 and has grossed over $4.3 billion on mobile devices as of December 2020. It was published by the now known video game company Bluehole as Krafton Inc.
Following its huge success which had led to both investment by Tencent Holdings and the expansion of various other game studios, Bluehole chose to establish Krafton as a holding company. PUBG has now gained immense popularity among gamers all over the world and was the highest grossing game in 2020. Now let's talk about PUBG owner's net worth.
PUBG, owned by Krafton Inc. formerly known as Bluehole, was founded by Chang Byung-Gyu in 2007. It is among the 50 richest Koreans in 2021. In 2018, $500 million in the company for a 10% stake, which propelled Krafton into a $1 billion valued company overnight. PUBG has been nominated for the “Game of the Year” award multiple times. The game has sold more than 70 million copies on personal computers and game consoles in 2020. Its huge success is entirely attributed to the owner.
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According to a report in Business Today, Krafton Inc. is expected to go public next month and after that, founder Chang Byung-Gyu could be worth up to $3.5 billion if the IPO (Initial Public Offering) is quoted at the high end of the given range. Krafton is seeking to raise up to $4.9 billion in what is expected to be South Korea's largest-ever IPO. Chang Byung-gyu will own 14% of the shares after the IPO.
The company has announced plans to file an initial public offering in July 2021, filing initial approval for listing on the Korea Stock Exchange in April 2021. The company plans to raise 5.6 trillion yen ($5 billion). US dollars) at a market valuation of ₩30 trillion ($27.2 billion)
Krafton's IPO comes months after Seoul-based e-commerce firm Coupang Inc raised $4.6 billion, the most raised by a South Korean company. The IPO helped founder Bom Kim amass a fortune of $6.9 billion. Besides, other parties who are expected to benefit from the IPO are founder's wife Byung-Gyu, CEO Kimg Chang Han and Tencent Holdings.
According to a report in Bloomberg Billionaires Index , CEO Kim's stake could be worth as much as $336 million at the high end. Shares held by the founder's wife, Chung Seung-hye, could be worth up to $206 million, while Tencent's 13% stake could be worth up to $3.3 billion.
With Chang Byung-Gyu set to join South Korea's list of billionaires, he is already determined to donate shares worth 100 billion won to Krafton employees in a sense of gratitude. The PUBG owner's net worth reaching such a milestone could bring more popularity to the game.
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