Dunamu said, "The U.S. stock market listing is groundless... No plans."
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
김지선
stockmk2020@alphabiz.co.kr | 2023-02-23 06:54:53
[Alpha Biz=(Chicago) Reporter Kim Jisun] Dunamu, the operator of Upbit, a domestic virtual asset (virtual currency) exchange, said it was "groundless" about rumors of listing on the New York Stock Exchange in the U.S.
It is not true at all that we have planned to list the U.S. Stock Deposit Certificate (ADR) for 2025, a Dunamu official said in a telephone interview with Newsis on the 22nd. "There are no specific listing plans at the moment."
There has been a lot of talk about listing on the NASDAQ before, but there are no plans yet, he said. "There may be a possibility of listing in the future, but not now."
According to the financial investment industry earlier in the day, Dunamu planned to be listed on the U.S. ADR with the aim of 2025. Previously, the company sought to be listed on NASDAQ through foreign securities firms, but is currently considering and pushing for a ADR listing card.
ADR is a U.S. stock market bypass listing method for foreign companies. ADR is known as an easier way to trade and finance the U.S. stock market than direct listing, given that direct listing on the U.S. stock market is relatively difficult as it requires screening and evaluation for a long time .
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1NH Investment & Securities Cuts NAVER Target Price to KRW 320,000, Maintains ‘Buy’ on AI Growth Outlook
- 2Korean Air and LCC Affiliates Enter Emergency Management as Fuel Costs Surge Amid Middle East Conflict
- 3Amazon Web Services to Invest KRW 7 Trillion More in Korea by 2031, Expanding AI Infrastructure
- 4Lotte Group to Launch KRW 50 Trillion Real Estate Development Push to Tackle Liquidity Pressures
- 5Daesang Executive Arrested in KRW 10 Trillion Sweetener Price-Fixing Probe; CEOs Avoid Detention
- 6China Vanke Posts Record Loss as Property Slump Deepens Financial Strain