Voronoi Withdraws KOSDAQ Listing... "Will Reattempt Listing Considering Market Stabilization Timing"

[Asia Economy Reporter Lee Gwan-joo] Voronoi, which had attracted attention for aiming to be the first unicorn (market-valued outstanding company) to list under special regulations in Korea, has decided to withdraw its listing.

Voronoi announced on the 16th that it had submitted a withdrawal report to the Financial Supervisory Service. A Voronoi official explained, "We conducted a demand forecast for institutional investors on the 14th and 15th to determine the public offering price, but considering various circumstances such as the difficulty in accurately evaluating our corporate value amid the recent volatile market environment, we canceled the remaining schedule and submitted the withdrawal report."

Voronoi added that after consulting with the lead joint underwriters, Korea Investment & Securities and Mirae Asset Securities, it decided to withdraw the listing by comprehensively considering post-listing situations such as corporate value reassessment and investor protection.

Voronoi plans to focus on strengthening corporate value through research and development and technology transfer. Kim Dae-kwon, CEO of Voronoi, said, "We once again thank the investors who showed great interest in Voronoi despite the recent turbulent market atmosphere. Since Voronoi's future growth potential is being positively evaluated, we will devote ourselves to strengthening our core competitiveness and plan to reattempt listing considering the timing of future market stabilization."

Voronoi had attracted market attention by successfully completing a total of four technology transfers (License-Out), including three U.S. technology exports over the past two years, holding a track record exceeding 2.1 trillion KRW.

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