Could Dunamu's Nasdaq ambitions gain new life through Naver Financial?

Dunamu's long-held ambitions for a Nasdaq listing are regaining momentum, as ongoing merger talks with Naver Financial raise the possibility of a more competitive corporate valuation, analysts said Wednesday. "If a merger and equity swap between Dunamu and Naver were to take place, Dunamu Chair Song Chi-hyung would become the largest shareholder of Naver based on his stake in the merged entity, while Dunamu and Naver Financial would secure a pathway toward a potential Nasdaq listing," said Jo Tae-na, an analyst at Eugene Investment & Securities. "It’s seen as the best win-win strategy," Jo added. According to sources familiar with the matter, the two companies are in advanced talks to execute a comprehensive equity swap that would give Naver’s financial arm full ownership of Dunamu, the operator of the world’s fourth-largest cryptocurrency exchange Upbit. The proposed deal would enable Naver Financial to launch a comprehensive digital finance platform that integrates payments, e-commerce and cryptocurrency trading, while positioning Dunamu more favorably for entry into global capitWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times