Despite the pervasive rumors, ICONLOOP CEO Jonghyup Kim claims that the company is not going to launch an IPO
On Feb. 26, Pulse News Korea revealed that ICONLOOP, the Blockchain startup behind the ICON (ICX) token, was mulling over an IPO. However, Jonghyup Kim, the CEO of ICONLOOP, denied the rumors, claiming that didn’t they have any intentions to go public.
No plans to go public
According to the aforementioned report that cites ‘an investment banking industry source’, ICONLOOP is going to become the first South Korean startup to launch both an ICO and IPO. The company is supposed to be listed on the KOSDAQ market next year after already selecting South Korean stock brokerage Mirae Asset Daewoo as its IPO manager.