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Market Kurly faces bumpy road to 2021 US listing


South Korea s Kurly Inc., better known by its brand name Market Kurly, has recently terminated its contract with IPO manager Samsung Securities Co., according to investment banking sources on Mar. 15 – just after its founder and Chief Executive Sophie Kim revealed plans to go public within the year.
In 2018 the online grocery food delivery startup picked Samsung Securities to prepare a domestic stock market listing. But its initial public offering was delayed as the startup failed to meet IPO requirements.
The contract cancellation with the Korean brokerage firm might have brought Market Kurly s nearly three-year efforts to go public to naught. But it adds to market speculation that the premium food and gourmet food delivery company may begin the process for a US listing, following in the footsteps of bigger hometown rival Coupang Corp., which listed on the New York Stock Exchange last week. ....

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