The valuations of Korea s unicorn startups are declining rapidly, as fewer investors are parking their money into stocks amid a prolonged bear market sentiment both here and abroad. According to data from Securities Plus Unlisted, Dunamu s stock price hit an annual high of 475,000 won ($380) in January 2022, but has failed to display robust performance throughout the year. The unlisted stock was valued at 114,000 won as of Tuesday.
KakaoBank s stock price fall comes as a serious burden for K bank s planned initial public offering (IPO), as the latter will not be able to attract as much capital as it expected unless the market leader s valuation recovers quickly.