Stellar Blade Developer Conducts Record-Breaking IPO

Stellar Blade Developer Conducts Record-Breaking IPO

From Game Rant (Written by Priye Rai) on | OpenCritic

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Stellar Blade developer Shift Up has recently been listed on South Korea's stock market after raising the highest capital for a gaming company in the country in nearly three years. The game development studio was founded by Stellar Blade director Hyung-Tae Kim in 2013.

The launch of the PS5-exclusive game Stellar Blade earlier this year put Shift Up on the map. Receiving countless positive reviews from critics and players alike, Stellar Blade also sold incredibly well despite only being available on the PS5. The hard-hitting action-adventure title is set in a post-apocalyptic setting and follows the protagonist, Eve, as she attempts to reclaim the planet from a clan of deadly creatures.

Despite all it has going for it, Stellar Blade could still make up for one of the base game's shortcomings with a significant DLC expansion.

As per Bloomberg, Shift Up raised 435 billion won, or $320 million, after going public on Korea Exchange. This is the most money a South Korean firm in the gaming sector has raised since PUBG publisher Krafton raised $3.8 billion in August 2021. Overall, it is also the second-largest offering in South Korea this year, following that...

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