TERA just had an update, and it’s got a long list of patch notes to accompany it. The main features of Update 102 are a pair of new instances, accompanied by another two instances that are returning to the game after a long absence.

The Calepticon arrives on the scene in regular and hard modes, while Ruinous Manor (easy/hard) and Gossamer Vault (easy) return to the game. To make room, 13 instances are being removed and all instances have had their rewards adjusted for the strength of their opponents. Additionally, solo dungeons have been reworked to focus on skill advancement scrolls and old enchanting materials.

Gameforge promises new updates for all players, in all regions, on a monthly basis going forward throughout the year.

In other TERA-related news, of a sort, parent company Krafton has announced that it will have an initial public offering later this year 2021. Bloomberg reports that the IPO could be valued at as much as $27.2 billion, which sounds like a lot for TERA — but not when you remember that Krafton/Bluehole also makes PlayerUnknown’s Battlegrounds. An accompanying chart places it as the sixth-largest game company in the world at that valuation, just a hair behind Nexon (if a “hair” is worth nearly a billion dollars). It would easily dwarf the biggest IPO by a Korean company, which was the $4.3 billion offering of Samsung Life Insurance Co. in 2010.

Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.

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