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[Draugoth]

Stellar Blade developer Shift Up has achieved South Korea’s largest initial public offering (IPO) for a video game company in three years.

As reported by Bloomberg, the Seoul-based company jumped nearly 50% on its first day of trading, raising 435 billion won ($320 million).

Shift Up’s offering is the first for a game firm to clear $50 million since 2021, when PUBG owner Krafton’s IPO reached $3.8 billion. Shift Up’s IPO is the second-largest in South Korea this year, behind HD Hyundai Marine Solution Co.’s $553 million offering.

Shift Up has said it plans to use the IPO proceeds to diversify its game portfolios, according to terms of the deal.

Source​

 

[Fake]

Glad to support.

 

[Ansphn]

I didn't even know about the IPO dammit

 

[FoxMcChief]

Tits and ass are serious business

 

[Three]

Not to take anything away from Shift Up and I hope they do well but how often are there big game company IPOs?
Three years doesn't sound like a massive record.

 

[Thick Thighs Save Lives]

You're still sleeping on the job Draugoth . This has already been posted:

News - Business - Game Maker Shift Up Jumps in South Korea After $320 Million IPO

(Bloomberg) -- Game developer Shift Up Corp. jumped as much as 49% in its first day of trade in South Korea after an initial public offering that raised 435 billion won ($320 million), the largest in the country for a gaming firm in almost three years. The shares traded as high as 89,500 won...

www.neogaf.com

 

[stn]

Good, its a really really solid action game. Well deserved.

 

[ReBurn]

That's enough for maybe 2 modern AAA games

 

[The Cockatrice]

As long as they keep making singleplayer games Im in(still havent played stellar blade yet, waiting for a small sale) tho I have a feeling they may abandon ship and just make gatcha crap.