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[Apha Biz=(Chicago) Reporter Paul Lee] SSG.com, an e-commerce platform affiliated with Shinsegae Group, is known to be re-promoting the initial public offering (IPO) next spring and preparing for it.

According to the distribution industry on the 2nd, SSG.com has decided to start the IPO process as early as March and April next year and is in talks with the last organizer.

Lee In-young, CEO of SSG.com, recently visited the Korea Exchange and explained his plan to re-promote the listing.

"We consult with the organizers from time to time and continue to prepare for the listing," a SSG official said. "However, it is difficult to specify a specific time considering the current market situation."

"It is known that SSG is preparing for the listing again with the aim of starting the process in earnest in March and April next year, looking at the recent IPO market situation," said an official from the investment banking (IB) industry.

SSG.com selected Mirae Asset Securities and Citigroup Global Market Securities as IPO organizers in October 2021 and formalized IPO promotion in the first half of last year.

The market estimates the corporate value of SSG.com at about 10 trillion won.

 

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