As talked about just some days in the past, Korean developer Lionheart Studio was making ready its IPO submitting and be listed in Korea. Nonetheless, issues have modified massively since then, with the corporate retracting its submission citing “issue in correctly evaluating the worth of Lionheart Studio within the present market state of affairs.” As some analysts identified, it at the moment solely has one sport in service in 2 areas (Korea, Taiwan), therefore making the itemizing a dangerous prospect.
On a extra constructive observe, Lionheart Studio is aiming to file for IPO once more as soon as the monetary local weather is healthier and a extra correct analysis of the corporate might be offered. It’s nonetheless backed by the billions of Kakao Video games, its majority shareholder, so hopefully we will see ODIN: Valhalla Rising launch abroad in 2023 quickly! And naturally, the few secret tasks it has been engaged on.
