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Stellar Blade Developer Is Now Worth as Much as KOEI TECMO in Market Capitalization Following Huge IPO

NewsTech

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Stellar Blade

South Korean Stellar Blade developer Shift Up has finalized its IPO (initial public offering), which turned out to be highly successful. As reported by Bloomberg, Shift Up raised $320 million (435 billion won, the local currency), the largest amount a gaming firm gathered during an IPO in almost three years. Back then, Krafton (maker of PUBG) raised $3.8 billion in its IPO. It's also the largest IPO in South Korea across all sectors since HD Hyundai Marine Solution in May. Lee Jieun, analyst at Daishin Securities Co., reckoned there would be 'ample space' for the stock to rise following the […]

Read full article at https://wccftech.com/stellar-blade-developer-is-now-worth-as-much-as-koei-tecmo-in-market-capitalization-following-huge-ipo/

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