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 [...]
SEOUL, May 3 (Korea Bizwire) — South Korean information technology service provider LG CNS has kicked off the process of its initial public offering (IPO) that could take place as early as in the second half of this year, industry sources said Tuesday. LG CNS, a unit of South Korea’s No. 4 conglomerate LG Group, [...]
SEOUL, April 26 (Korea Bizwire) — SK shieldus Co., a security arm of South Korean telecom giant SK Telecom Co., is expected to raise up to 3.55 trillion won (US$2.85 billion) through a planned initial public offering (IPO) next month. The listing, set for May 19, will mark the biggest ever market debut by a [...]
SEOUL, March 31 (Korea Bizwire) — SK On Co. is not considering an initial public offering (IPO) for at least another two to three years but will build up its competitiveness and enhance corporate value before pushing for a market debut, head of its parent company said Thursday. The potential listing of SK On has [...]