PUBG-Maker Krafton’s Share Prices Tumble on IPO Debut
[ad_1] Shares in Krafton, the Tencent-backed South Korean company behind blockbuster video game PlayerUnknown’s Battlegrounds (PUBG), fell as much as 20 percent from their IPO price on their trading debut on Tuesday. Analysts attributed the tumble to an expensive valuation and China regulation risks, with gaming companies facing uncertain prospects after China regulators have come down…