HeartCore Enterprises expands its Go IPO consulting services into South Korea, collaborating with Thomas Yi for increased market reach.
Quiver AI Summary
HeartCore Enterprises, Inc., a Tokyo-based enterprise software and consulting company, announced its intention to expand its Go IPO consulting services into South Korea due to increasing demand from Asia-Pacific companies seeking to list on major U.S. exchanges. The initiative begins with a referral program in partnership with established South Korean firms and includes collaboration with Thomas Yi of Cross Border Associates, who has extensive experience in facilitating IPOs. They plan to organize an IPO seminar in South Korea in May 2025. HeartCore's CEO, Sumitaka Kanno, indicated that this expansion reflects their growing appeal beyond Japan and is part of a broader strategy to enhance their financial profile and capitalize on opportunities in the region.
Potential Positives
- HeartCore Enterprises is expanding its Go IPO consulting services into South Korea, which positions the company to tap into a growing demand for U.S. listings among Asia Pacific-based companies.
- The collaboration with Thomas Yi and Cross Border Associates enhances HeartCore's credibility and capacity to assist companies in navigating the IPO process.
- Holding an IPO seminar event in South Korea in May 2025 may increase awareness of HeartCore's services and facilitate new business opportunities in the region.
- The initiative to attract companies from across the Asia-Pacific region could significantly enhance HeartCore's financial profile and unlock new revenue streams.
Potential Negatives
- The press release heavily relies on forward-looking statements, indicating potential risks and uncertainties that could affect the company's future performance and results.
- While expanding services into South Korea is presented positively, the need to engage a third-party partner for local expertise may highlight potential weaknesses in HeartCore's own market presence and capabilities in the region.
- The company's focus on securing new opportunities outside Japan may suggest a dependency on new markets for growth, raising concerns about its ability to sustain operations solely within its home market.
FAQ
What are HeartCore's plans for South Korea?
HeartCore plans to expand its Go IPO consulting services and establish a referral program in South Korea.
Who is partnering with HeartCore for the South Korea initiative?
HeartCore is partnering with Thomas Yi and his firm, Cross Border Associates, to support the expansion.
When will HeartCore host its IPO seminar in South Korea?
The IPO seminar event in South Korea is scheduled for May 2025.
What services does HeartCore provide to enterprise customers?
HeartCore offers SaaS solutions, data analytics, customer experience management, and digital transformation services.
How does HeartCore differentiate its Go IPO consulting services?
HeartCore differentiates itself by supporting capital raising efforts and unlocking new opportunities in the Asia-Pacific region.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HTCR Insider Trading Activity
$HTCR insiders have traded $HTCR stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $HTCR stock by insiders over the last 6 months:
- KEISUKE KUNO (CX Division Vice President) has made 0 purchases and 3 sales selling 26,000 shares for an estimated $32,980.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HTCR Hedge Fund Activity
We have seen 8 institutional investors add shares of $HTCR stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CORSAIR CAPITAL MANAGEMENT, L.P. added 263,816 shares (+inf%) to their portfolio in Q4 2024, for an estimated $478,826
- RENAISSANCE TECHNOLOGIES LLC added 101,800 shares (+inf%) to their portfolio in Q4 2024, for an estimated $184,767
- CITADEL ADVISORS LLC added 45,968 shares (+inf%) to their portfolio in Q4 2024, for an estimated $83,431
- CREATIVEONE WEALTH, LLC added 42,900 shares (+inf%) to their portfolio in Q4 2024, for an estimated $77,863
- PROSPERITY FINANCIAL GROUP, INC. removed 20,000 shares (-18.3%) from their portfolio in Q4 2024, for an estimated $36,300
- HERON BAY CAPITAL MANAGEMENT added 12,762 shares (+inf%) to their portfolio in Q4 2024, for an estimated $23,163
- TWO SIGMA INVESTMENTS, LP removed 12,516 shares (-28.4%) from their portfolio in Q4 2024, for an estimated $22,716
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK and TOKYO, Feb. 18, 2025 (GLOBE NEWSWIRE) --
HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”),
a leading enterprise software and data consulting services company based in Tokyo, announced plans to expand its Go IPO consulting services into South Korea.
Recognizing the strong and growing demand from Asia Pacific-based companies seeking to list on a major U.S. exchange, the Company launched a sales and marketing initiative across the broader Asia-Pacific region, starting with a referral program with established partners in South Korea. To that end, HeartCore plans to engage Thomas Yi, a global entrepreneur and a private investor at Cross Border Associates (CBA) in South Korea. With more than 30 years of cross-border transaction experience around M&A, corporate and business development, global marketing, and operations management, Thomas and his global consulting firm have helped early-stage companies from the incubator and accelerator phase all the way up to an IPO. HeartCore, in partnership with Thomas and his global consulting firm, will be hosting other U.S. professionals as part of an IPO seminar event in South Korea in May 2025.
“Given the value proposition of our Go IPO services, we have started to attract interest beyond Japan, extending into the broader Asia-Pacific region,” said HeartCore CEO Sumitaka Kanno. “In addition to our partnership with Thomas and CBA, our team is actively engaged in serious discussions with other companies across South Korea and the Asia-Pacific region, who view U.S. listings as a highly appealing alternative for raising capital and liquidity events. Finalizing these opportunities would mark our entry into new regions beyond Japan, creating additional deal flow and unlocking potential for HeartCore to further enhance its financial profile. Our team’s ability to support capital raising efforts sets us apart from competitors and positions us to continue capturing new opportunities.”
About HeartCore Enterprises, Inc.
Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading enterprise software and consulting services company. HeartCore offers Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics services that allow enterprise businesses to create tailored web experiences for their clients through best-in-class design. HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service and content management systems, as well as other tools and integrations, which enable companies to enhance customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining and task mining to accelerate the digital transformation of enterprises. HeartCore’s GO IPOSM consulting services helps Japanese-based companies go public in the U.S. Additional information about the Company's products and services is available at
https://heartcore-enterprises.com/
.
Forward-Looking Statements
All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believed,” “intend,” “expect,” “anticipate,” “plan,” “potential,” “continue,” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks, and uncertainties are discussed in HeartCore’s filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond HeartCore’s control which could, and likely will materially affect actual results, and levels of activity, performance, or achievements. Any forward-looking statement reflects HeartCore’s current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. HeartCore assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The contents of any website referenced in this press release are not incorporated by reference herein.
HeartCore Investor Relations Contact:
Gateway Group, Inc.
Matt Glover and John Yi
HTCR@gateway-grp.com
(949) 574-3860
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7971ca64-b7bc-4e2d-b8e1-1b05f55336ed
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
