by pna
The number of companies newly listed on stock markets in South Korea has declined so far this year as many delay going public amid uncertain economic conditions, the market operator said Monday.
According to the Korea Exchange, the number of newly listed firms came to 19 --five on the main bourse and 14 on the secondary tech-heavy market-- as of the end of last month, down 61.2 percent from the same time a year earlier.
By the same time last year, a total of 49 companies were newly listed on the stock markets, with 15 on the main bourse and 34 on the KOSDAQ, respectively, the operator said.
The decline is attributable to a growing number of businesses that delay going public discouraged by uncertain economic conditions.
As a result, the amount of capital raised through stock issuance also plunged this year.
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