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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. ....
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.
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. ....
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. ....