Shift Up Corporation (Ticker: 462870 KS) is a South Korean game developer and publisher headquartered in Seoul. Founded in December 2013 by artist Kim Hyung-tae and KyungRip Min, the company initially focused on developing mobile titles for the South Korean market and gained recognition with its mobile game Destiny Child, published in 2016.
The company owns a subsidiary, Shift Up Second EVE Studio, which focuses on developing AAA console and PC video games. Its first project, Stellar Blade, was announced in 2019. In 2021, Sony Interactive Entertainment acquired the marketing rights for Stellar Blade, and it was released as a PlayStation 5 exclusive in April 2024. In December 2022, Tencent acquired a 20% stake in Shift Up, becoming the company's second-largest shareholder.
Shift Up will list on July 11, 2024, on the Korea Stock Exchange. The firm is selling 7.25 million shares at the price of KRW 60,000 each. The expected market capitalization at offer is KRW 3.48 trillion (USD 2.57 billion). The total offer size is KRW 435 billion (USD 320.77 million). The offering is managed by JP Morgan, Korea Investment & Securities Co., and NH Investment & Securities Co.