[Notice] 'Blockchain Company Bloco, Samsung Ventures Sells Shares After Lotte Investment' Related
On August 25, 2022, this publication reported under the above title that Bloco's corporate value had declined, leading Samsung Venture Investment to decide to sell its shares, and that Bloco's IPO was uncertain. In response, Bloco stated, "Bloco's valuation has increased with each funding round, and the current valuation is higher compared to the previous round. Therefore, Samsung Venture Investment's plan to sell Bloco shares is due to the fund's maturity and is unrelated to Bloco's valuation. Furthermore, Bloco's IPO is steadily being prepared under the technology special listing system, and the selection of the lead underwriter was recently completed, proceeding without any setbacks."
Article link: https://view.asiae.co.kr/article/2022082509272110313
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This report is pursuant to the mediation of the Korea Press Arbitration Commission.
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