Black Desert developer Pearl Abyss prepares IPO in Korea


Multiple Korean outlets are reporting that Black Desert developer Pearl Abyss is preparing an initial public offering and seeks a fall listing on the Korean stock exchange.

Seoul’s Pulse News reports that in the last year, two investment companies poured over $10 million US into the game developer, estimating the studio’s value at nearly $500 million US. “Industry watchers said Pearl Abyss raked in 26 billion won in net profit in the first half of last year, surpassing full-year 2015 net profit of 23.7 billion won that was up 120 percent from 2014,” it writes.

The publication notes that Black Desert is significantly more popular in the US and Europe than in its native Korea and is hoped to do well in China, on console, and on mobile.

Black Desert, of course, is published here in the west by Kakao’s EU subsidiary. Most recently, it launched on Steam.

Source: Pulse via MMO Culture
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