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[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 Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
