Menu

Search

  |   Business

Menu

  |   Business

Search

Applications for IPO 5 Times Higher in April according to Korea Exchange

The Korea Exchange received 20 preliminary applications for initial public offerings in April, five times higher than in March.

According to SK Securities analyst Lee So-joong, the sudden increase in applications was due to the sharp decline of confirmed COVID-19 cases and the continued stock index rally in mid-April.

Lee expects more increases in IPO applications in May.

He added that there is an increasing number of companies developing non-face-to-face services that will soon make their market debut.

The internet-only Kakao Bank and South Korea's leading e-commerce company Tmon are also set for listing.

Investors' interest is set to shift to e-commerce and 5G network due to the COVID-19 impact. Traditionally, materials, parts, and equipment sectors are popular with investors.

Among the companies that applied for a preliminary IPO in March include technology firms such as WiPAM, VINA Tech, and Aim Systems.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.