Krafton shares close 9% down after PUBG maker’s IPO
August 10, 2021
All the sessions from Transform 2021 are available on-demand now. Watch now.
Krafton raised $3.75 billion in on public offering, but the maker of PlayerUnknown’s Battlegrounds (PUBG) saw its share price close 9% down in the first day of trading Tuesday.
The South Korean company tried to go out with a valuation that was too high, and investors balked, analysts told Reuters. The company debuted…