What if you bought Krafton on its IPO day?
This uses real data to show what would have happened if you had invested a lump sum in Krafton (259960), the maker of PUBG, on August 10, 2021 — its KOSPI IPO day. We honestly examine a first-day buy into a large IPO that faced overvaluation concerns.
⚠️ Know the risk first
Amid overvaluation concerns, the stock closed its first day below its offer price and swung widely afterward. See in the maximum drawdown metric how the first-day entry heavily shaped later performance.
⚠️ This asset is an individual stock chosen as of today, so past returns can look better than they really were (survivorship bias).
What happened that day
On August 10, 2021, Krafton, maker of 'PUBG,' listed on the KOSPI. Its offer price was fixed at 498,000 won, the top of the band, but amid pre-listing overvaluation concerns and lukewarm institutional demand, the stock had a weak day-one start below its offer price.
Why this date
Krafton's daily price data begins on its IPO day, so the 'jumped in on day one of a hyped large IPO' assumption can be computed precisely from that day's close.
Investment conditions
Asset · Krafton (259960) · lump-sum on IPO day, then held long-term
Method · Lump-sum (all at once)
Period · 2021-08-10 ~ 2026-07-01
Amount · $7,407
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Buy and final prices are shown in the asset's local currency (US & crypto $, Japan ¥, Korea ₩). Total invested and final value are in Korean won (₩).
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-74.2%
Largest drop from peak
Longest loss period
55months
Months in loss: 55
Recovery period
0months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $7,407 → Final value $4,031 (-45.6%), Maximum drawdown (MDD) -74.2%
Why this period and asset
August 10, 2021 is the day Krafton, maker of the game 'PUBG,' listed on the KOSPI, matching the start of this service's data. Its offer price was set at 498,000 won, the top of the band, but overvaluation concerns ran high before listing and institutional demand was lukewarm. The stock had a weak start below its offer price on day one and swung widely afterward with new-game results and earnings.
Interpreting the result
This case shows 'what if you jumped in on day one of a hyped large IPO.' If you bought on listing day and never sold, the final value and return below reflect passing through all the swings since. Because it was a stock dogged by overvaluation concerns, the first-day entry price heavily shaped the following years' performance — review that alongside the maximum drawdown and loss periods. Investing gradually each month instead of all at once would have reduced the risk of concentrating at one point's price.
Caveats & limits
A first-day buy into a large IPO with overvaluation concerns may mean a high entry price. As a single stock, be mindful of survivorship bias. Figures use adjusted close, are shown in KRW (FX not applicable), and exclude fees and taxes; early-listing data is short and limited as long-term statistics. Always review the maximum drawdown and loss periods.
Event fact sources
- KED Global — Valuation woes weigh down Krafton on Kospi debut (2021-08-10)
- Bloomberg, Krafton IPO pricing coverage (2021-07)
Requested date vs actual trading date
If the event date is a holiday, the fill uses the next trading day's close. The 'effective trading date' below is the date actually used.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-28
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- This asset is an individual stock chosen as of today, so past returns can look better than they really were (survivorship bias).
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Is buying on IPO day usually advantageous?
Not necessarily. In hyped large IPOs, expectations are often already in the price, making the first-day entry high. Krafton had a weak day-one start below its offer price amid overvaluation concerns, and that first-day price heavily shaped later performance.
Why use August 10, 2021 as the buy date?
Krafton's daily price data begins on its IPO day, August 10, 2021. That lets us compute the 'bought right at listing on day one' assumption precisely from that day's close.
The data window is short — is that OK?
Krafton listed in 2021, so the window is only about five years. Short-window results depend heavily on a specific market phase and are hard to generalize as long-term statistics. Treat this as reference only.
Are FX and taxes reflected?
As a domestic stock, figures are in KRW and FX is not applicable. Trading fees and taxes are not reflected — figures are pre-tax. This page only shows historical data and recommends no specific stock.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.
⚠️ Calculated using today's representative assets, which may differ from the market composition at the time.