PUBG owner set to become a billionaire after Krafton’s mega IPO

Krafton Inc, the company behind the hit mobile game PUBG, could make its founder Chang as much as US$3.5bil (RM14.51bil) if the firm’s initial public offering prices at the top end of the range given in its IPO filing. — Bloomberg

PlayerUnknown’s Battlegrounds, one of the most successful games of all time, is set to create vast riches when the company behind it goes public next month.

Krafton Inc founder Chang Byung-gyu could be worth as much as US$3.5bil (RM14.51bil) if the firm’s initial public offering prices at the top end of the range given in its IPO filing, according to the Bloomberg Billionaires Index. Krafton is seeking to raise as much as 5.6 trillion won (RM20.49bil) in Seoul in what’s likely to be South Korea’s largest ever IPO. Chang will hold 14% of the shares after the offering.