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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut Image
  • Posted on 22nd Aug, 2022 07:03 AM
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Socar, South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Shares of Socar rose 1.25% from its IPO price of 28,000 won ($21.10) in the initial minutes of the debut, before tumbling to 26,300 wo…

SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut View Story

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