Prepare for the prodigal stocks

Korea Thrunet looks to list in Korea as other internet companies view the benefits of a home listing.

Korea Thrunet has announced plans to seek a secondary listing on its home exchange, the Korea Stock Exchange, by December this year. The move comes as Thrunet - like many Asian internet companies -looks for ways to boost its flagging shares which were listed on Nasdaq in November last year.

Thrunet has gone from an all-time high of $70.625 back in December down to a recent year-low of $8.625 this month. Moreover, average daily volume has gone...

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