Due to Coupang and SK Bioscience's Success...Valuations of Unlisted Companies Also Surge

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] As the IPO (Initial Public Offering) success of promising companies both domestically and internationally, such as Coupang and SK Bioscience, continues, the valuation of unlisted companies preparing for listing is also rising.

According to the unlisted stock trading platform 'Seoul Exchange Unlisted' on the 14th, the stock trading price of leisure platform company Yanolja surged 6.4 times to 80,000 KRW as of the 12th, compared to 12,500 KRW at the end of last year.

Curly, the operator of Market Kurly, rose 78.6% from 28,000 KRW at the end of last year to 50,000 KRW currently. Krafton, a game company well known for the globally popular game 'Battlegrounds,' also increased by 11.5% this year.

The trading prices of Yanolja and Curly are the highest ever since Seoul Exchange Unlisted was first established in 2019 and began its pilot service. Based on recent trading prices, the market capitalization is 6.9473 trillion KRW for Yanolja and 1.145 trillion KRW for Curly.

Since Seoul Exchange Unlisted officially started its service at the end of last year, the trading volume in the recent month compared to the previous month increased approximately 2.0 times for Yanolja, about 1.9 times for Krafton, and about 4.7 times for Viva Republica, the operator of the financial platform Toss.

It is interpreted that investors, watching the IPO fever of Coupang and SK Bioscience, have flocked to secure shares of promising companies preparing for listing. SK Bioscience set a new record for IPO success in the Korean stock market with subscription deposits reaching a historic high of 63.6198 trillion KRW during the general public subscription on the 9th and 10th.

Coupang closed trading at $48.47 per share on the 12th (local time), the second day after its listing on the New York Stock Exchange (NYSE), reaching a market capitalization of $87.2 billion (approximately 99.1551 trillion KRW).

According to The Wall Street Journal (WSJ), buoyed by Coupang's successful U.S. listing, Curly is also considering listing on the New York Stock Exchange within this year. Its corporate value is expected to reach about $880 million (approximately 1 trillion KRW).

This content was produced with the assistance of AI translation services.