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Korean car-sharing startup SOCAR has filed for an IPO   



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SOCAR, a south Korean car-sharing startup, has filed for an initial public offering, announced on Wednesday by Korea Exchange. The details – the number of shares to be offered in the IPO and the price range – have not yet been determined, said a spokesperson at SOCAR. 
SOCAR has reached approximately $834 billion (1 trillion won) valuation after raising $50.7 million (60 billion won) in October 2020. The company has raised a total of about $275 million since its inception in 2011, the company spokesperson confirmed.  According to media reports, SOCAR’s estimated valuation is to be $2.5 billion (3 trillion won) after the listing in the first half of this year. 
Its previous investors include SK Holdings, Bain Capital, Premier Partners, SoftBank Ventures Asia, Altos Ventures, KB Investment, Stonebridge Ventures, LB Private Equity, SG Private Equity, and more.
The company plans to launch a transportation super app this year that will provide all-in-one mobility servi …

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