South Korean esports organisation DRX, primarily known for its teams in League of Legends, VALORANT, and Tekken, is working toward a stock market listing in Singapore.

As reported by South Korean capital markets media outlet Invest Chosun, DRX is reportedly planning to file for a preliminary listing review with the Singapore Exchange (SGX) in mid-August. Before that filing can happen, the company is currently going through an earlier preliminary review stage with the exchange.

To help with the listing process, DRX has selected an undisclosed Singapore-based financial firm to act as its lead underwriter, the firm responsible for managing the share sale and guiding the company through the listing requirements. The company is also said to be getting support from securities firms based in South Korea.

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The exact value of the company has not been set yet. That figure is expected to be determined after the preliminary review process is complete. Similarly, no details have been released about how much money the IPO would raise, how many new shares would be issued, or what DRX’s market value would be once trading begins.

The Esports Radar has reached out to DRX’s official team for comment but had not received a response at the time of publication.

This isn’t DRX’s first push toward a public listing. Back in September 2022, the company announced plans to list on South Korea’s KOSDAQ exchange, which would have made it the first Korean esports company to go public. At the time, DRX picked Daishin Securities as its lead underwriter and was aiming for a 2024 listing. That plan did not go forward, and DRX is now instead pursuing a listing in Singapore rather than South Korea.

DRX’s majority shareholder, as of now, is ATU Partners, an investment firm that took full ownership of the organisation in 2019. ATU Partners manages the stake through its ATU eSports Growth Fund No. 1, which is described as Asia’s first investment fund dedicated specifically to esports.

The potential listing comes as DRX’s business results paint a mixed picture. The club’s latest audit report shows the company’s profits dropped sharply in 2025, even though its overall revenue kept growing. In March 2026, DRX also landed a sponsorship deal with Kiwoom Securities, a Seoul-based financial services company.

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