Shift Up Corp., the South Korean developer behind PlayStation 5 unique Stellar Blade, has raised 435 billion received ($320 million) in its first day of commerce after an preliminary public providing.
According to Bloomberg, that’s the biggest within the nation for a gaming firm since 2021, when PUBG maker Krafton Inc. raised $3.8 billion from its personal IPO.
Shift Up Corp. offered practically 7.3 million shares at 60,000 received every. There was demand for 226 occasions the variety of shares out there, Bloomberg mentioned. China’s Tencent is its second-largest holder.
The firm’s success right here comes off the again of the launch of Stellar Blade, which has offered multiple million copies and will spawn a sequel in addition to a PC model, and its well-liked cell recreation, Goddess of Victory: Nikke.
Stellar Blade, which launched on April 26, 2024, took inspiration from Alita: Battle Angel, 80s and 90s science fiction, and a taxi driver strike in response to director Kim Hyung Tae. It’s already loved a handful of post-launch updates, together with one which added a boss problem mode, new outfits, and extra.
In our 7/10 overview, IGN mentioned: “Stellar Blade is nice in all the most necessary methods for an motion recreation, however uninteresting characters, a lackluster story, and several other irritating components of its position taking part in recreation mechanics forestall it from hovering together with the most effective of the style.”
Wesley is the UK News Editor for IGN. Find him on Twitter at @wyp100. You can attain Wesley at wesley_yinpoole@ign.com or confidentially at wyp100@proton.me.
