(Seoul=NSP News Agency) soon ki Lee Journalist = SK Shieldus announced the withdrawal of the listing by submitting an IPO withdrawal report to the Financial Supervisory Service(FSS).
SK Shielders is a corporation established by the merger of ‘SK Infosec’ with ADT Caps, a physical security company with more than 50 years of history. It is a life care platform company that operates four core businesses : Cyber Security(Infosec), Convergence Security (SUMiTS), Physical Security(ADT Caps), and Safety & Care.
In the meantime, SK Shielders has a high market capitalization compared to S1, which has sparked controversy over its high public offering price. It also considered lowering the public offering price, but ultimately decided to withdraw from the listing. In particular, the sluggish results of institutional investors’ demand forecasts for IPOs conducted on the 4th and 5th are pointed out as the reason.
SK Shielders said, “We received positive reviews from most institutional investors on our fundamentals(growth, profitability, and stability) during the IPO process,” adding, “However, we withdrew the listing because investor sentiment has sharply contracted due to deepening uncertainties in the global macroeconomic.”
SK Shielders plans to re-list at an optimal time when its corporate value can be fully evaluated in consideration of future market conditions.
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