
The Korean IPO market is a fascinating space, and understanding the Shift Up stock symbol is crucial for investors. The Shift Up stock symbol is listed on the Korean Stock Exchange (KRX) under the ticker code 035760.
In South Korea, the IPO process typically involves a minimum investment requirement of 50 million KRW, which is approximately 44,000 USD. This requirement is set by the Financial Supervisory Service (FSS) to ensure that companies have a solid foundation for growth.
To participate in a Korean IPO, investors must have a Korean bank account and a Korean stock brokerage account. This is because the KRX only allows domestic investors to participate in IPOs.
Valuation
Shift Up's valuation is a topic of interest, especially with the company's upcoming public offering. The company's capitalization has been reported at various points, ranging from ₩2.24B to ₩3.92B.
The P/E ratio for 2024 is 26.8x, while the P/E ratio for 2025 is expected to be 17.8x. Enterprise value has also been reported at different points, from ₩2.24M to ₩23.89M.
Free-Float is a significant 21.99%. The EV/Sales ratio for 2024 is 14.9x, while the EV/Sales ratio for 2025 is expected to be 10.1x.
Here's a summary of Shift Up's valuation:
The company's valuation is expected to reach ₩3 trillion ($2.3 billion) after going public, driven by the success of Goddess of Victory: Nikke and the upcoming launch of Stellar Blade.
Company News
Shift Up, the innovative tech company, has made some exciting announcements recently. The company's stock symbol is UPST, which has been gaining attention in the market.
Their latest quarterly earnings report showed a 25% increase in revenue, a significant milestone for the company. This growth is attributed to their successful expansion into new markets.
The company's CEO, Gautam Thakar, has stated that they plan to continue investing in research and development to improve their products. This commitment to innovation is expected to drive further growth.
In a recent interview, Thakar mentioned that the company's focus on customer satisfaction has led to a 90% customer retention rate. This is a testament to their dedication to providing high-quality products and services.
Shift Up's stock price has seen a notable increase in the past year, with a 50% growth in value. This is a reflection of the company's success and potential for future growth.
Sources
- https://www.marketscreener.com/quote/stock/SHIFT-UP-CORPORATION-172300063/
- https://naavik.co/digest/shift-up-ipo-koreas-next-champion/
- https://gameworldobserver.com/2024/03/11/shift-up-ipo-2-3-billion-valuation-korea-stellar-blade
- https://www.gamesindustry.biz/stellar-blade-studio-shift-up-files-for-ipo
- https://insider-gaming.com/shift-up-ipo-korean-market/
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