Education startup Yanadoo picks Korea Investment & Securities as IPO manager
[THE INVESTOR] Korean online English and Chinese education startup Yanadoo selected Korea Investment & Securities as its initial public offering manager, according to industry sources on July 16.
According to sources, Yanadoo selected IPO manager without going through the official procedures of sending out a request for proposal documents and conducting a presentation about the firm. The selection was reportedly based on the personal relationship between a top executive of the startup and Korea Investment & Securities official. Yanadoo aims to be listed on the secondary bourse KOSDAQ, sources said.
Yanadoo main model Jo Jung-suk