Pro-forma Financial Statements of Technology-growth Company

• DOI: 10.26845/kjfs.2023.4.52.2.139
• Publication Date: 2023-05-08T07:31:37Z
• Authors: Sungho Choi; Youjung Kang
• Keywords: Listing (finance); Market share; Limited company

To secure technological and industrial competitiveness, the KOSDAQ market is implementing a technology-growth listing system. In general, such listed companies have been recognized for their prowess at time of listing, but there are few cases where technology has commercialized or realized. Nevertheless, largest shareholder sold shares after lock-up period using system to obtain capital gain. A company that utilizes purpose acquiring private gain may overestimate pro-forma profit loss evaluate value higher than did not sell its shares. Therefore, we verified whether companies, in which period, compared those not. The analysis revealed overestimated net income first year