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Corporation
mt.co.kr

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Investments

1

Portfolio Exits

1

About MoneyToday

MoneyToday is a South Korean media group that provides both Internet and offline newspapers focused on the finance industries.

MoneyToday Headquarter Location

Cheonggye 11 Building, 3rd Floor 149 Seorin-dong, Jongno-gu

Seoul,

South Korea

+81 02 724-7700

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Latest MoneyToday News

Bithumb Plans to Go Public in South Korea: Report

Jun 24, 2020

Bithumb, a leading South Korean crypto exchange, is preparing to go public in its home country, the local news outlet MoneyToday reported on Wednesday. The crypto exchange’s operator Bithumb Korea also hired Samsung Securities as the underwriter for the initial public offering (IPO). If true, this will be Bithumb’s second attempt to go public, as last year it tried to list its shares on a United States’ exchange with a reverse merger, but failed at last. Last month, the crypto exchange promoted Back Young Heo as its new chief executive officer, who also had the experience of running the exchange earlier. The exchange’s troubles According to an anonymous source of the local publication, the exchange’s attempt to list its shares on a stock exchange might not be a smooth process given the “marketability and valuation issues” and also the traditional market’s hostility towards the future of crypto. Suggested articles Bithumb was slapped with a $69 million bill last year by the Korean tax authority as outstanding taxes. But the exchange dragged the issue to court and appealed against the order, which is now pending with an appellate court. South Korea is slowly streaming its efforts to properly tax cryptocurrencies as its Finance Minister said that the government will reveal details next month. Despite being South Korea’s largest crypto exchange , Bithumb’s operations are still opaque to the public. Bithumb Holdings is reportedly the largest shareholder of Bithumb Korea with 74.1 percent of its shares, but details of the holding company’s owners are still unknown. The crypto exchange also posted $30.5 million in profits for 2019, pivoting from $170 million in losses for the previous year. This might create a demand in the shares of the crypto exchange if it succeeds to go public. Share this article

MoneyToday Investments

1 Investments

MoneyToday has made 1 investments. Their latest investment was in FiscalNote as part of their Series C - II on January 1, 2017.

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MoneyToday Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/24/2017

Series C - II

FiscalNote

$5M

Yes

1

Date

1/24/2017

Round

Series C - II

Company

FiscalNote

Amount

$5M

New?

Yes

Co-Investors

Sources

1

MoneyToday Portfolio Exits

1 Portfolio Exit

MoneyToday has 1 portfolio exit. Their latest portfolio exit was FiscalNote on November 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/8/2021

Acq - Pending

$99M

3

Date

11/8/2021

Exit

Acq - Pending

Companies

Valuation

$99M

Acquirer

Sources

3

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