Market Kurly "IPO Withdrawal Report Not True"
Monitoring Market Conditions Closely to Promote Listing
[Asia Economy Reporter Lim Chunhan] Market Kurly stated on the 7th that the report about withdrawing its initial public offering (IPO) is "not true."
In a statement released that day, Market Kurly said, "The company has never communicated with the Korea Exchange, underwriters, or investors regarding the withdrawal of the listing."
Market Kurly explained, "Since the approval of the listing application on August 22, we have been closely monitoring market conditions to proceed with the listing within the designated timeframe."
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Earlier, there were reports that Market Kurly decided to withdraw the listing, citing difficulties in receiving a proper valuation of its corporate value due to the worsening economic situation in Gyeonggi Province.
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