PlayerUnknown’s Battlegrounds parent company Krafton has applied for an IPO.

The IPO, Reuters reports, will become one of the biggest listings this year in Korea, with Seoul-based analysts valuing Krafton at around 20 trillion won ($17.92 billion). This is down from the previously reported estimates valuing the company at $27.2 billion.

According to Korea Exchange, Krafton reported revenue of 1.67 trillion won and operating profit of 774 billion won in 2020.

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