PUBG-Maker Krafton's Shares Fall After $3.8bn IPO

Shares in PUBG-maker Krafton fell by 20% on trading debut after a $3.8bn (₹28,000cr) IPO. Analysts say the tumble is due to an expensive valuation and Chinese regulation risks. China has come down hard on firms like Tencent, which backs Krafton. Krafton is the first large South Korean listing whose shares have failed to rise above IPO price on debut.