(Reuters) – South Korean mobility platform SOCAR has received preliminary approval for its planned initial public offering (IPO), Korea Exchange said on Wednesday.
SOCAR logged revenues of 285 billion won ($234 million) and an operating loss of 8.4 billion won in 2021.
Launched in October 2011, the South Korean company provides various services including car sharing.
($1 = 1,216.7500 won)
(Reporting by Byungwook Kim Editing by Andrew Heavens and Mark Potter)
