Pinkfong Co hasn’t made a decision on an IPO, although it will keep reviewing the appropriate timing for a potential listing, the Seoul-based company said in a text message on Friday.
The Seoul Economic Daily reported on Wednesday that the company, formally known as Smartstudy, will submit a preliminary listing application to the Korea stock exchange next month.South Korea’s IPO market has cooled this year, despite the successful debut of battery maker LG Energy Solution in January, with a series of companies canceling plans to float amid a broader market slump.
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