Shift Up studio went public. It managed to boost 435 billion gained ($319.7 million) via an preliminary public providing, the most effective outcome amongst South Korean gaming firms over the previous three years.
As well as, the studio’s IPO turned the second largest in South Korea in 2024. Solely HD Hyundai Marine Answer, which raised $553 million, obtained extra money when it went public .
As Bloomberg famous, demand for Shift Up shares was 266 occasions larger than provide. By the tip of the primary day of buying and selling, the studio’s share value rose 18% to 71 thousand gained per share ($51.5).