Stellar Blade Dev Shift Up Goes Public and Raises a Whopping $320 Million

[Megan]

Shift Up Corp., the South Korean developer behind PlayStation 5 exclusive Stellar Blade, has raised 435 billion won ($320 million) in its first day of trade after an initial public offering.

According to Bloomberg, that’s the largest in the country for a gaming company since 2021, when PUBG maker Krafton Inc. raised $3.8 billion from its own IPO.

Shift Up Corp. sold nearly 7.3 million shares at 60,000 won each. There was demand for 226 times the number of shares available, Bloomberg said. China’s Tencent is its second-largest holder.

Source:

Stellar Blade Dev Shift Up Goes Public and Raises a Whopping $320 Million - IGN

Shift Up Corp., South Korean developer behind PlayStation 5 exclusive Stellar Blade, has raised 435 billion won ($320 million) in its first day of trade after an initial public offering.

www.ign.com

 

[Salazar667]

Even tho I disliked Stellar Blade for being action game with an identity crisis, it was still fun, mad props to the studio tho, 320 million is just unheard of for a company who made their first big game

but no surprise since this sold like hotcakes everywhere

 

[RompShaker]

Ok bruh thats actually insane, to think it all came with stellar blade and that this company was just a mobile game company at first lol

 

[Select27]

Largest in the compnay since 2021 with Krafton... jesus dude these guys have been killing it, the post-game updates have been fire too for stellar blade