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South Korea s Krafton, maker of hit game PUBG, tumbles on debut

SEOUL/HONG KONG - Shares in Krafton Inc, the Tencent Holdings-backed South Korean company behind blockbuster video game PlayerUnknown's Battlegrounds (PUBG), fell as much as 20 per cent on their trading debut on Tuesday (Aug 10). Analysts attributed the share tumble of South Korea's second-largest IPO to an expensive valuation and China regulation risks, with gaming companies facing uncertain prospects after.

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S Korea s Krafton, maker of hit game PUBG , tumbles on debut - Netscape Money & Business

S Korea s Krafton, maker of hit game PUBG , tumbles on debut - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Soult ukpyolsiSouth koreaSouth koreanScott murdochDouglas kimMio katoEdwina gibbsJoyce leeRichard pullinJihoon leeGaurav dograLg energy solutionLightstream researchKrafton incXinhua agencyTencent holdings backed south korean

S Korea s Krafton, maker of hit game PUBG , tumbles on debut

Analysts attributed the tumble to an expensive valuation and China regulation risks

Soult ukpyolsiSouth koreaSouth koreanMio katoLg energy solutionLightstream researchKrafton incXinhua agencySk ie technology co ltdTencent holdings backed south koreanBig hitPstream researchPeacekeeper eliteActivision blizzardEconomic information dailySamsung life insurance

Who is Player Unknown in PUBG? New report sheds light on PUBG makers

Irish game developer Brendan Greene, the inventor of the battle royale genre and known by his gaming nickname PlayerUnknown. He is currently the director of special projects for PUBG Corp owned by Krafton.

South koreaSouth koreanChung seung hyeBrendan greeneKim changChina tencent holdingsChange byung gyuBluehole studioGinno gamesImage frame investmentSamsung life insurancePlayer unknown pubgUb gAttleground unknownதெற்கு கொரியாதெற்கு கொரியன்

Krafton, the maker of PUBG and Battleground Mobile India, is worth $19 billion

Analysts noted that expensive valuation and China regulation risks could be the reason for the shares to fall. Krafton derives a large portion of its revenue from PUBG.

South koreaSouth koreanMio katoChang byung gyuKim chang hanLightstream researchKorean wonPeacekeeper eliteSamsung life insuranceChang hanKrafton pubg and mobile battle ground makerArfton ipoRafton shares fall by 20 per centதெற்கு கொரியாதெற்கு கொரியன்மையொ கட்டோ