Krafton<\/a>, the company behind blockbuster video game PlayerUnknown's Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea's largest listing in 11 years, people familiar with the matter said.

The Tencent-backed company aims to raise at least $5 billion in the initial public offering (IPO) by selling 20% of its shares, one said after the
Korea Exchange<\/a> announced that Krafton had preliminary approval for its planned listing.

Official filings to start the IPO will be made early next week, three people who did not want to be identified as they were authorised to speak to the media, told Reuters.

South Korea is experiencing its hottest IPO market on record and analysts expect that least 20 trillion won ($18.4 billion) will be raised in 2021, which would be about four times above 2020 levels.

Krafton would be valued at around $25 billion based on its current plans, although the final size of the IPO could increase, another person added.
\"Battlegrounds<\/a><\/figure>

Battlegrounds Mobile India clocks 20 Million pre-registrations in 2 weeks<\/a><\/h2>

Battlegrounds Mobile India (BMI), the remodelled version of popular game PUBG, has clocked in 20 million pre-registrations within two weeks, Krafton Inc. the South Korean developer of the game said.<\/p><\/div>

Krafton<\/a>, the company behind blockbuster video game PlayerUnknown's Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea's largest listing in 11 years, people familiar with the matter said.

The Tencent-backed company aims to raise at least $5 billion in the initial public offering (IPO) by selling 20% of its shares, one said after the
Korea Exchange<\/a> announced that Krafton had preliminary approval for its planned listing.

Official filings to start the IPO will be made early next week, three people who did not want to be identified as they were authorised to speak to the media, told Reuters.

South Korea is experiencing its hottest IPO market on record and analysts expect that least 20 trillion won ($18.4 billion) will be raised in 2021, which would be about four times above 2020 levels.

Krafton would be valued at around $25 billion based on its current plans, although the final size of the IPO could increase, another person added.
\"Battlegrounds<\/a><\/figure>

Battlegrounds Mobile India clocks 20 Million pre-registrations in 2 weeks<\/a><\/h2>

Battlegrounds Mobile India (BMI), the remodelled version of popular game PUBG, has clocked in 20 million pre-registrations within two weeks, Krafton Inc. the South Korean developer of the game said.<\/p><\/div>