SK Shielders Withdrawal of IPO... "Reattempting IPO at Optimal Timing"

[Asia Economy Reporter Kwak Min-jae] SK Shieldus announced on the 6th that it has submitted a withdrawal report for its initial public offering (IPO) and postponed its plan to list on the Korea Exchange.

SK Shieldus stated, "During this IPO process, the majority of institutional investors gave positive evaluations of SK Shieldus's fundamentals, but due to the intensifying uncertainty in the global macroeconomy, investment sentiment sharply contracted. As a result, we have decided to withdraw the listing and consider pursuing the IPO at the optimal time in the future when the market conditions allow for a full evaluation of the company's value."

SK Shieldus added, "Currently, no shares have been allocated to institutional investors who participated in the demand forecast, and since the subscription for general investors has not yet been conducted, there are no issues regarding investor protection."

SK Shieldus further stated, "We will expand the company's growth businesses, such as cybersecurity and convergence security, which investors highly valued during this IPO process, and the management and members will unite to further strengthen SK Shieldus's differentiated competitiveness."

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