Treasure Hunter seeks $168 mil valuation in IPO next year Korea’s first ‘multi-channel network’ aims to go public on Kosdaq in first quarter of 2022
Translated by Ryu Ho-joung 공개 2021-11-29 08:07:38
이 기사는 2021년 11월 29일 08:05 thebell 에 표출된 기사입니다.
Treasure Hunter is seeking a market valuation of as high as 200 billion won ($167.6 million) in its planned initial public offering, according to its filing with the Korea Exchange’s Kosdaq market division.The South Korean digital media company aims to list its shares in the first quarter of 2022, with Daishin Securities as its lead underwriter.
Treasure Hunter and Daishin Securities plan to offer 1.25 million new shares, which would bring the total number of shares to be listed to 8,708,890 after accounting for the current number of issued shares. At the 200 billion won valuation, the upper end of the company’s price range would be about 23,000 won per share.
Treasure Hunter’s last private market valuation was 130 billion won in early November when the company raised capital from Industrial Bank of Korea, Yuanta Investment, SBI Investment Korea and Cornerstone Investment.
“The 200 billion won valuation is quite possible if investors think the company’s business model is attractive,” an industry insider said. “Treasure Hunter’s management appears to expect it will be valued at least 150 billion won in the IPO.”
Treasure Hunter is the country’s first multi-channel network – a company that affiliates with multiple channels and content creators to offer assistance in various areas, and aggregates and distributes online content. Treasure Hunter works with many star YouTubers with more than one million subscribers in South Korea.
Treasure Hunter has stepping up efforts to expand its business to include metaverse, blockchain and artificial intelligence. It is also exploring a new business model that links the company’s original content with commerce.
Treasure Hunter has not reached profitability yet, so it will go public on the Kosdaq by using an exception in the country’s listing rules for startups with innovative business models. It has become eligible for this exception after receiving an "A" rating in business model evaluations from two ratings agencies in the first half of this year. (Reporting by Chul Kang)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
- Hyundai Oilbank to file for listing, joining IPO parade next year
- Kakao Mobility restarts process to pick IPO underwriters
- SSG.com’s GMV growth accelerates ahead of planned IPO
- Music copyright sharing platform Musicow could be valued at more than $848 mil in IPO
- Banks jockeying for lead role in CJ Olive Young IPO
best clicks
최신뉴스 in 전체기사
-
- "포스코와 철강·2차전지 자동화 로봇사업 확대"
- [제약바이오 맨파워 분석]1세대 바이오텍 숙명 '승계', 리가켐바이오의 '후계양성'
- [K-바이오 클러스터 기행|대전]빅파마 찜한 바이오 다 모였다 '산·학·연' 집결 경쟁력
- [이스트소프트는 지금]SW에서 AI로 체질개선, 핵심은 '시니어 케어'
- [코스닥 코스메틱 리뉴얼]'2차전지·신재생·건설' 신사업 행렬, 돌파구 찾을까
- '비상장사' 네이처리퍼블릭, CB발행 선택 까닭은
- [바이어 人사이드]고물가·왕서방 '이중고' 유통가, 품질·가격 잡기 '사활'
- [전환기 맞은 CJ올리브영]점포 자연 증가 '생태계 구축', 온라인까지 확장
- 오리온, 배당정책 '개별→연결' 실익 따져보니
- 삼성물산 패션, '메종키츠네 골프' 1년 반 만 철수