SBI Investment’s stocks have risen over 8% in response to news that travel platform company Yanolja plans to go public on the US stock market. As a major shareholder, SBI Investment’s stocks closed at 1,008 won (an increase of 8.04%) and hit a 52-week high of 1,170 won at one point in trading. SBI invested approximately 160 billion won in Yanolja, which is aiming to raise about 550 billion won ($400 million) from its initial public offering (IPO) as soon as next month, as reported by Bloomberg.
SBI Investment’s stock skyrockets 8% after Yanolja announces US listing
