Stellar Blade dev earns $320 million in share sales

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Stellar Blade dev earns $320 million in share sales

Stellar Blade developer, Shift Up Corp., has went public resulting in a ***** 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

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, 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 ***** Gi, spoke with

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previously about the game’s success and confirmed more updates were planned (translation provided by

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on X/

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).

Stellar Blade details from recent Famitsu interview!

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– 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…

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— Genki

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As for a sequel, the pair made no concrete promises but did inform that a sequel was being considered. A public filing, reported by

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, on the Korea Composite Stock Price Index also revealed that Shift Up was considering a PC version as well.