SEOUL, Feb. 27 (Korea Bizwire) — The number of initial public offerings (IPOs) and the amount of funds raised from the process in 2022 decreased sharply due to market uncertainty caused by inflation and monetary tightening in major countries, data showed Monday. A total of 70 companies made their debuts on the main KOSPI and [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korean online grocer Oasis Corp. cancelled its planned initial public offering (IPO) on Monday amid lackluster investor sentiment. Oasis said it submitted a withdrawal letter after it received a lackluster response from domestic and foreign institutional investors during a two-day demand forecasting session last Tuesday and Wednesday amid [...]
SEOUL, Feb. 9 (Korea Bizwire) – Oasis Corp., a South Korean e-grocery store operator, on Wednesday announced its ambition to boost its members and build new logistics centers as it prepares to go public in the local stock market later this month. Oasis will debut on the secondary KOSDAQ market on Feb. 23, becoming South [...]
SEOUL, Jan. 4 (Korea Bizwire) — Kurly Corp. the operator of South Korean e-grocery platform Market Kurly, said Wednesday it will postpone the initial public offering (IPO) originally planned for early this year, due to harsh market conditions. “We decided to push back our planned IPO with the Korea Exchange (KRX), considering the contracting investor [...]
SEOUL, Dec. 28 (Korea Bizwire) — The number of newcomers on the country’s tech-laden KOSDAQ market this year reached the highest ever since 2002, the bourse operator said Wednesday. A total of 129 firms made their debuts on the KOSDAQ market this year, the highest since 2002, when 153 companies were newly listed, according to [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s largest car-sharing platform operator, SOCAR Inc., fell far below its initial public offering (IPO) price on its first day of trading in the face of unfavorable market conditions. SOCAR closed at 26,300 won (US$19.56) won on the main bourse, down 6.07 percent from the 28,000 won opening [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s largest car-sharing and mobility service provider SOCAR Inc. on Wednesday said that its planned initial public offering (IPO) will be successful despite unfavorable market conditions. SOCAR, established in 2011, is seeking to make a market debut later this month after going through IPO subscription Thursday and Friday [...]
SEOUL, May 11 (Korea Bizwire) — ONE store Co., a South Korean mobile app market platform, decided Wednesday to withdraw its plans for an initial public offering (IPO) due to lackluster investor confidence, financial industry sources said. The No. 2 mobile app market operator here, after Google Play store, received lackluster response from institutional investors [...]
SEOUL, May 9 (Korea Bizwire) — ONE store Co., a South Korean mobile app market platform, will go public this month as planned, its CEO said Monday, amid concerns its initial public offering (IPO) may draw weaker-than-expected demand in the face of lackluster market conditions. ONE store, the No. 2 mobile app market operator here [...]
SEOUL, May 6 (Korea Bizwire) — South Korean cybersecurity service provider SK shieldus Co. withdrew its plans for an initial public offering (IPO) Friday, citing lackluster investor confidence. SK shieldus, the cybersecurity arm of South Korean telecom giant SK Telecom Co., said it had submitted a delisting notice to the Financial Supervisory Service the same [...]