The big data company S2W, which is pursuing a listing on the KOSDAQ market, announced on the 7th that it is temporarily halting its initial public offering (IPO) process.
A representative of S2W noted, "As the electronic securities conversion process at Korea Securities Depository (KSD) has not been completed, we had no choice but to withdraw this IPO schedule," adding, "We plan to finalize the conversion process within about a month and resubmit the securities registration statement around mid-August."
Initially, S2W was scheduled to receive subscriptions from general investors from the 7th to the 8th. The company added that it would announce the new demand forecast and subscription schedule soon.
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