Karly, an online grocery store, has decided to cancel its initial public offering due to market volatility.

A South Korean firm that promised next-day grocery delivery service has cancelled its IPO because of the deteriorating economic conditions, which have halted the market debuts of other start-ups. Considering market sentiment remained negative amid the global market uncertainty, the company opted to delay their listing on the Korea Exchange (KOSPI), according to an emailed statement.

On August 22, 2022, the fledgling company made it t....