South Korea-based ICONLOOP, the founder of cryptocurrency...

South Korea-based ICONLOOP, the founder of cryptocurrency technology ICON and crypto token ICX, is out to join the mainstream market by going public on Kosdaq market next year as the first Korean origin to attempt both ICO (initial coin offering) and IPO. 

According to an investment banking industry source on Monday, ICONLOOP has recently selected Mirae Asset Daewoo Co. as its initial public offering (IPO) lead manager. It aims to debut on the tech-oriented Kosdaq as early as next year by capitalizing on the fast-track procedure that exempts companies with promising technologies from typical market formalities and guidelines in capital and income. 

If the company passes technology review, it can apply for a preliminary review for IPO with the Korea Exchange. 

A full due diligence and technology evaluation process for the company will kick off during the first half of this year, said a source familiar with the matter. 
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