Korea’s MeatBox to go public despite failed grocery platform IPOs

Quick Summary:

MeatBox Global Inc., South Korea’s online livestock product sales platform operator, aims to go public for up to 28.5 billion won ($21.3 million) this year despite a series of failed stock market listings of major fresh food delivery companies such as SSG.COM and Kurly Inc.

COM, the e-commerce brand of South Korea’s retail giant Shinsegae Inc., followed suit due to mounting losses.Oasis Corp., a grocery delivery platform, withdrew its IPO in February 2023 amid tepid investor demand.

MeatBox has been expanding its businesses into new sectors such as a livestock product data platform and a platform for large deals to diversify its profit sources based on its know-how accumulated in the last decade.

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Article Details

Category: Economy

Markets: South Korea

Topics: Fresh Livestock Korea Sales Billion Delivery Platform Market Meatbox Shinsegae Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-23 @ 17:26:30 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22651408

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