"Shift Up, Developer of Stellar Blade, to Go Public with $2.3 Billion Valuation"

South Korean game developer Shift Up, known for titles like Destiny Child and Goddess of Victory: Nikke, has applied to go public on the Korea Stock Exchange with a projected valuation of $2.3 billion. The IPO, led by Korea Investment & Securities, NH Investment & Securities, and JP Morgan Securities’ Seoul branch, plans to list over 58 million shares, with an expected valuation increase due to the success of their games and the upcoming release of Stellar Blade in partnership with Sony Interactive Entertainment.