THE INVESTOR

메뉴열기
November 17, 2019

CarrieSoft to raise W8.2b in 2nd IPO attempt

PUBLISHED : October 17, 2019 - 17:52

UPDATED : October 17, 2019 - 17:52

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

South Korean kids contents and intellectual properties company CarrieSoft seeks to raise 8.2 billion won ($6.9 million) in its second initial public offering attempt before listing on Kosdaq, the startup said on Oct. 17.

The news comes as a result of oversubscription by institutional investors in a tranche that wrapped up Oct. 15. Seoul-based CarrieSoft’s shares were 924.8 times subscribed by institutional investors.

Related:
CarrieSoft drops IPO plan amid market volatility
[INTERVIEW] CarrieSoft set to go global after IPO



While the institutional tranche ended at the upper end of the marketed range -- at 9,000 won per share -- money raised in the second IPO attempt will be significantly lower than in Its earlier IPO plan to raise up to 19 billion won, which CarrieSoft withdrew in August due to unfavorable market sentiment.

The new investment -- from institutional and retail investors -- will go to 910,000 newly issued shares in an IPO underwritten by Mirae Asset Daewoo. The IPO’s retail investor tranche will take place Oct. 21-22. At the moment of the listing on Kosdaq Oct. 29, CarrieSoft’s market cap is expected to stand at some 51.9 billion won.

CarrieSoft said it would use the IPO proceeds to create studios for contents, manage stage performances and enhance logistics center.

CarrieSoft is dedicated to educational contents for kids that feature characters including Carrie and sells intellectual property rights and goods related to the characters. Sales in 2018 came to 10 billion won, while its net loss reached 2.2 billion won.

By Son Ji-hyoung (consnow@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.