Stellar Blade developer, Shift Up Corp., has went public resulting in a sale of 435 billion won worth of shares (about $320 million) in its first day of trading.
The South Korean developer went public after the success of their PS5 exclusive and their popular mobile game Goddess of Victory: Nikke. Of those who now own shares of the company, massive China-based company, Tencent, is now the second-largest shareholder. The shares were sold at 60,000 won each (about $44) and could not fully meet demand as they sold 7.3 million shares so far.
According to a report via Bloomberg, this marks the largest share trading in the country for a video game company since PUBG developer Krafton Inc. went live in 2021 and raised $3.8 billion.
Stellar Blade was a PS5 exclusive released on April 26, 2024 and has since sold over 1 million copies. Studio founder and Stellar Blade director, Kim Hyung Tae, as well as technical director, Lee Dong Gi, spoke with Famitsu previously about the game’s success and confirmed more updates were planned (translation provided by Genki on X/Twitter).
Stellar Blade details from recent Famitsu interview! #StellarBlade
– Currently developing a Photo Mode
– Plan to add more outfits in the future
– Glad people are enjoying the game
– They focused on player choice over plot twists
– Thinking about a sequel
– Watching peoples… pic.twitter.com/eppjkHAtnK— Genki✨ (@Genki_JPN) May 28, 2024
As for a sequel, the pair made no concrete promises but did inform that a sequel was being considered. A public filing, reported by Gematsu, on the Korea Composite Stock Price Index also revealed that Shift Up was considering a PC version as well.
