IPO boom for the Korean market in 2021 as startups to debut on bourses

2021 could be the flourishing year for the IPO (Initial public offerings) market in South Korea as it expects to top $18 billion in valuation. This is said to be the largest amount in a single year for any country as many established corporations and a slew of Korean startups gear up to launch IPOs this year. Korean startup Coupang has already made a global noise with its IPO launch in February at the New York Stock Exchange (NYSE).

In the first quarter of 2021, at least 34 companies have applied to Korea Exchange for IPOs. In January, six companies were listed in the country’s main bourse – the KOSDAQ market. All the IPOs got oversubscribed and priced higher than their indicative range. As per analysts in 2021, companies ranging…

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