Oasis Market Adds KTB as Lead IPO Underwriter... "Accelerating Listing Process"
Oasis Market, a Fresh Food Online and Offline Distribution Business with 80% Stake Held by GeoSoft
"Entered Dawn Delivery Business in 2018, Ranked Among Industry Leaders... The Only Major E-commerce Company in the Black"
[Asia Economy Reporter Yuri Kim] Oasis Market, which distributes fresh food through online and offline channels, announced on the 2nd that it has newly appointed Korea Investment & Securities as a lead underwriter for its initial public offering (IPO). Previously, in August last year, Oasis Market had selected NH Investment & Securities as a lead underwriter. Oasis Market plans to successfully go public by appointing the top two companies in the IPO market as joint lead underwriters.
Oasis was established in 2011, with GeoSoft holding approximately 80% of its shares. Since its founding, the company has focused on offline store operations, distribution, and logistics businesses, and entered the online dawn delivery business in 2018, rising to third place in the industry.
Its sales revenue recorded 111.1 billion KRW in 2018, 142.4 billion KRW in 2019, and 238.6 billion KRW in 2020. Operating profit also recorded 300 million KRW in 2018, 1 billion KRW in 2019, and 9.7 billion KRW in 2020, making it the only major e-commerce company to post a profit.
Oasis Market has attracted market attention by establishing a direct transaction system with producers through extensive experience in distribution led by executives from the Woori Consumer Cooperative, offering eco-friendly and organic food at reasonable prices. In particular, the company grew in line with the demand of the contactless consumption era by newly entering the dawn delivery online service business.
Hot Picks Today
"You Might Regret Not Buying Now"... Overseas Retail Investors Stirred by News of Record-Breaking Monster Stocks' IPOs
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Mistaken for the Flu, Left Untreated... Death Toll Surges as WHO Declares Emergency (Comprehensive)
- Iranian Stock Market Reopens After 80 Days Following War
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
An Jun-hyung, President (CFO) of Oasis Market, said, "We are the only major e-commerce company to record profits, demonstrating efficient management, and recently completed the establishment of logistics systems in Seongnam, Uiwang, and Eonyang, finishing preparations." He added, "Through the IPO, we will become the top e-commerce company in Korea."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
