2022年11月30日

随着利率上升，韩国非上市股票泡沫破裂，Dunamu、Kurly和Viva Republica等独角兽的股票价格暴跌超过70%，因为它们ipo的希望越来越渺茫。Dunamu Inc.和其他主要的韩国非上市股票暴跌，因为利率上升对资产价格的影响延伸到了当地的场外交易市场。countryâ旗下最大的韩国场外交易平台U-Stockplus周三的数据显示，杂货配送雷竞技推荐码怎么获得服务平台运营商Kurly的股价最近报30,600韩圆(合23.2美元)，不到1月份11.6万韩圆高点的三分之一。South Koraâ最大的加密货币交易所Upbit的运营商Dunamu和金融科技平台Toss的运营商Viva Republica Inc.的股票从去年11月的峰值下跌了约74%。雷竞技推荐码怎么获得运营countryâ最受欢迎的打车应用的Kakao Mobility Corp.股价下跌约80%，最大的旅游和住宿平台Yanolja Inc.股价下跌逾一半。雷竞技推荐码怎么获得雷竞技 raybet业内人士称，由于交易量较低，非上市股票往往反映出其他资产较晚上市的趋势。但随着越来越多的业内同行在借贷成本不断上升的情况下破产，这些主要的startupsâ股票加速下跌。â一位资产经理表示:“困扰股市和房地产市场的利率上升的影响正在扩大到非上市股票。”市价总额不到5000亿韩元的小型非上市股票几乎没有交易，因为对创业公司的担忧加剧，导致需求减少。这使得投资者不仅难以变现这些资产，而且难以估计自己的损失。 IPO HOPES VANISH Investors had dreamed of a jackpot from unlisted stocks as promising companies in new industries such as fintech and bio listed their stocks, rewarding investors with large profits in the short term. The fever for unlisted stocks intensified among retail investors in the first half of last year when the main Kospi lost steam after hitting record highs. Individuals sought opportunities in the OTC markets as shares in newly-listed companies such as KakaoBank Corp. and Kakao Pay Corp. rallied. Investors made large bets on Dunamu, Kurly, Yanolja and others that were expected to go public. Dunamu and Yanolja had been predicted to list in the US. But such hopes faded away as global interest rate hikes dampened stock markets worldwide. Dunamu’s market capitalization had risen to as high as almost 20 trillion won thanks to the frenzy on cryptocurrencies, but it skidded to 4.7 trillion won. PRIVATE EXCHANGES In the past, institutional investors had been major players in the market for unlisted stocks. But retail investors joined the market with private exchanges for those shares increasing. Those exchanges such as U-Stockplus, Seoul Exchange and Angel League set up online platforms for unlisted stocks, which had mainly been traded through direct transactions, allowing retail investors to trade those shares. Angel League introduced a service that allows individual investors to form a group for investments in large unlisted caps. The exchange’s customers founded some 200 groups as they could buy shares in promising startups with small money. Among them, eight groups invested in Mesh Korea Co. , which filed for court receivership earlier this week. They bought shares in the operator of the last-mile delivery service Vroong when the startup’s enterprise value was at between 505 billion won and 630 billion won. Its current value for sale was estimated to have shrunk to around 60 billion won. Mesh　Korea's　last-mile　delivery　service　Vroong　(Courtesy　of　Yonhap) LACK OF INFORMATION “It is high risk for groups of individuals to invest in unlisted stocks without institutions as they have no access to information on the companies,” said the head of a local asset manager. Unlisted companies do not need to announce key information through a regulatory filing in South Korea. Financial regulators took steps to protect investors. In June, the Financial Services Commission ordered trading platforms for unlisted stocks to create protection measures, including the mandate of occasional and regular disclosures by traded companies. The number of traded companies on those private exchanges tumbled as many startups did not meet the requirements. Only about 60 unlisted stocks were dealt on U-Stockplus, far lower than over the 450 firms before, making it even harder for users to exit from their investments. Write to Eui-Myung Park at uimyung@hankyung.com Jongwoo Cheon edited this article. 2 Min read 2 Min read 3 Min read 4 Min read 3 Min read 1 Min read