https://techcrunch.com/2024/01/05/korean-micromobility-startup-gbike-may-buy-up-the-competition-before-its-2025-ipo/

While micromobility companies around the globe have been in limbo and hitting snags like bankruptcy, shutdown and layoffs, a Seoul-based shared e-scooters and e-bikes operator called Gbike is gearing up to go public on the Korean stock market and is reviewing acquisition targets. 

In an exclusive interview with TechCrunch, Walter Yoon, CEO and founder of Gbike, said the startup is currently in talks for acquisitions in the micromobility industry to increase its market share before its planned initial public offering, aiming for early 2025. “Details have not been materialized yet, but we’re currently looking at around three to five targets to acquire,” Yoon said, adding that it has not decided how many acquisitions it will complete.