SK ON said, "Nothing specific has been confirmed about the possibility of listing on overseas stock markets."

Kim Jisun Reporter

stockmk2020@alphabiz.co.kr | 2024-02-23 03:03:54

(사진=SK이노베이션 제공)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Industries are drawing keen attention as there is a possibility that SK On, a latecomer in the battery industry that is preparing for an initial public offering (IPO), will be listed overseas. However, SK ON is in a position that there is no specific decision.

According to industry sources on the 23rd, SKOn CEO Lee Seok-hee said in a bonus briefing for members the previous day, "The Korean and U.S. markets have advantages and disadvantages in terms of listing conditions and corporate valuation."

In response to a member's question about the possibility of listing overseas, it was confirmed that President Lee compared the listing system between the two countries.

However, as such questions and answers spread through the blinds, rumors spread that "SK On is preparing to be listed on overseas stock markets instead of the domestic stock market."

SK ON dismissed the rumor that it was listed overseas, saying it was a fundamental answer.

An official of SK ON said, "We are considering the timing and method of listing in consideration of the market environment, and nothing has been confirmed yet."

SK ON previously raised a total of 4.8 trillion won from financial investors (FI), including the Global Private Equity Fund (PEF), in the pre-IPO between December 2022 and June 2023. The corporate value recognized at that time is about 22 trillion won.

The listing deadline promised by SK ON to investors is the end of 2026.

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