Krafton Inc founder could be worth as much as US$3.5 bil following mega IPO

Bloomberg
Bloomberg6/22/2021 03:47 PM GMT+08  • 4 min read
Krafton Inc founder could be worth as much as US$3.5 bil following mega IPO
Krafton declined to comment for this story.
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PlayerUnknown’s Battlegrounds, one of the most successful games of all time, is set to create vast riches when the company behind it goes public next month.

Krafton Inc. founder Chang Byung-gyu could be worth as much as US$3.5 billion ($4.71 billion) if the firm’s initial public offering prices at the top end of the range given in its IPO filing, according to the Bloomberg Billionaires Index. Krafton is seeking to raise as much as 5.6 trillion won ($6.65 billion) in Seoul in what’s likely to be South Korea’s largest ever IPO. Chang will hold 14% of the shares after the offering.

The listing will also produce a string of other beneficiaries, from Chang’s wife to Chief Executive Officer Kim Chang-han and Tencent Holdings Ltd.

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