Angel League Surpasses 20 Billion KRW in Cumulative Trading Volume of Unlisted Stocks

Unlisted Stock Group Purchase Investment Doubles in 6 Months

[Asia Economy Reporter Hyungsoo Park] The trading volume on Angel League, an unlisted stock trading platform, is rapidly increasing.

According to Angel League and related industries on the 22nd, since the service was launched in February, the trading volume has rapidly increased, surpassing a cumulative trading volume of 20 billion KRW. It doubled in six months after exceeding 10 billion KRW in March.

Angel League analyzed that the increase in trading volume is due to the strategy of allowing small-amount joint purchases (club deals) of growing startup unlisted stocks and the increasing number of cases where investors participated in actual investments and realized profits (EXIT).

Stocks of partnerships established through Angel League club deals distribute profits to participating members through listing or third-party sales. This year, companies like Krafton and Vuno, which went public, had their IPO prices set higher than the partnership participation prices. Coinone partnership stocks were sold to third parties at good prices, allowing members to realize profits.

Recently, club deals for stocks such as Dunamu, Oasis, Viva Republica (Toss), and Kakao Mobility, whose values continue to rise in the over-the-counter market, have received positive responses among unlisted stock investors.

Oh Hyun-seok, CEO of Angel League, said, "We have started art sales and NFT minting services that allow people to experience art investment, not only unlisted stocks," adding, "We aim to establish ourselves as a fintech startup that expands the range of asset classes so that many people can invest easily and safely in various asset classes."