8 articles | last updated: Jul 12 11:00:42
The developer of Stellar Blade and Goddess of Victory: Nikke aims to diversify its game portfolio with IPO proceeds.
- Shares surged nearly 50% on the first day of trading, closing at ₩71,000.
- Founder and CEO Hyung-Tae Kim becomes a billionaire with a 39% stake.
- Tencent, the second-largest shareholder, sold 7.3 million shares at ₩60,000 each.
- Shift Up reported a 155% revenue increase in 2023, driven by Goddess of Victory: Nikke.
- The IPO is the second-largest in South Korea this year, following HD Hyundai Marine Solution.
People, Places and Things In This Story
- Hyung-tae Kim CEO of SHIFT UP Corporation
- SHIFT UP Corporation Corporation
- South Korea Country in East Asia
- Stellar Blade Video game
- Goddess of Victory: Nikke Video game
- Tencent Company
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