Yanolja Targets Nasdaq Listing in July, Eyes $9 Billion Valuation
CryptoNewsTerminal Staff07 Jun, 2024
Yanolja Targets Nasdaq Listing in July, Eyes $9 Billion Valuation
Yanolja, South Korea's leading online travel agency, is planning to list on the Nasdaq in July, according to a report by The Economic Review. The company is reportedly aiming for a valuation of up to $9 billion in the listing. Goldman Sachs Group and Morgan Stanley are said to be the lead underwriters for the deal. Yanolja is expected to raise around $400 million through the listing. The proceeds will be used to fund the company's expansion plans, including investments in technology and marketing. The Nasdaq listing would mark a significant milestone for Yanolja, which has grown rapidly in recent years. The company has expanded into Southeast Asia and Japan, and is now one of the largest online travel agencies in the region. Keywords: Yanolja, Nasdaq, IPO, listing, valuation, Goldman Sachs, Morgan Stanley
