In today’s briefing:
- End of Mandatory Lock-Up Periods for 46 Companies in Korea in May 2023
- Lionheart: Over Dependence on One-Single Game
End of Mandatory Lock-Up Periods for 46 Companies in Korea in May 2023
- We discuss the end of the mandatory lock-up periods for 46 stocks in Korea in May 2023, among which 4 are in KOSPI and 42 are in KOSDAQ.
- These 46 stocks on average could be subject to further selling pressures in May and could underperform relative to the market.
- Among these 46 stocks, the top 6 market cap stocks include KG Mobility, Dongwon Industries, Hugel, Yunsung F&C, Enchem, and Jeio.
Lionheart: Over Dependence on One-Single Game
- Founded in 2018, Lionheart Studio (426630 KS) is a South Korean multiplayer online role-playing games developer for mobiles and PCs.
- The company’s game Odin: Valhalla Rising was based on Nordic mythology and was a huge success. Lionheart is planning to add more expansions to Odin.
- The company tried to go public in October 2022 on KOSDAQ however, it cancelled its listing plans due to negative market sentiments at the time.
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