Published:
Ediya Coffee postpones IPO plan in China
It deemed the timing to be poor amidst rises in labour cost.
According to Pulse News, South Korea’s Ediya Coffee Co. dropped its plan to go public this year but will re-enter China through a Beijing outpost in 2019.
Ediya Coffee in December appointed Mirae Asset Daewoo Co. as its underwriter for an IPO this year. It would have made Korea’s first coffee stock. Instead, the coffee chain will renew its overseas campaign, starting with a shop in Beijing next year.
