이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
No-money-making startups allowed to list on Kosdaq from next year
- Collected
- 2016.10.06
- Distributed
- 2016.10.10
- Source
- Go Direct
The Financial Services Commission (FSC) Wednesday announced an outline to promote startup and ventures by making them easier to go public and raise funds for further development and growth.
The so-called Tesla act is named after U.S.-based electric vehicle manufacturer Tesla Motors Inc. that was able to turn around after it went public on the Nasdaq after incurring losses until 2010 since its founding in 2004.
The stocks would be allowed listing as “technology exceptions” and those recommended by investment banks and securities companies on their growth potential also would be able to join even if they do not meet the regular capital and capacity requirements.
But the shares must be offered with put-back option that allows the holder to sell the underlying stock at 90 percent of the initial public offering price six months after it is listed back to the underwriters to protect the shareholders and ensure reliability of recommenders.
By Choi Jae-won
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