'Gompyo Beer' SevenBrew Targets IPO in Second Half of Next Year... Company Valuation at 600 Billion KRW

[Asia Economy Reporter Seungjin Lee] SevenBrewery, a craft beer company, announced on the 13th that it has selected Mirae Asset Securities and Kiwoom Securities as its lead underwriters for its IPO.

SevenBrewery aims to complete its IPO (Initial Public Offering) in the second half of next year and plans to accelerate preparations for listing. Mirae Asset Securities was chosen as the lead underwriter, with Kiwoom Securities participating as a joint underwriter. Both firms have valued SevenBrewery's IPO at approximately 400 billion to 600 billion KRW. This valuation is based on a comprehensive assessment of the company's research and development (R&D) capabilities and competitiveness in the craft beer market.

Established in 2011, SevenBrewery is a purely domestic capital craft beer company. It was the first small and medium-sized enterprise to obtain a beer manufacturing license and operates manufacturing plants in Hoengseong and Yangpyeong. The company has gained popularity with various craft beers such as Gangseo Beer, selected as the Blue House state dinner beer, Gomppyo Wheat Beer developed in collaboration with Daehan Flour Mills, and Hangang Beer. Based on this popularity, SevenBrewery turned a profit in operating income in the first half of this year and expects sales of approximately 65 billion KRW for the year.

Additionally, in September of this year, SevenBrewery signed a memorandum of understanding (MOU) with Jeollabuk-do Province, Iksan City, and the Korea Food Industry Cluster Promotion Agency. Through this agreement, the company is investing a total of 27 billion KRW in a 13,223㎡ (approximately 4,000 pyeong) site within the National Food Cluster located in Iksan, Jeollabuk-do, and is currently constructing ‘SevenBrewery Ease,’ the largest production facility among domestic craft beer companies.

Starting from the first half of next year, SevenBrewery plans to focus on producing its existing products, which have faced production volume shortages, as well as new craft beers to be launched. The company expects significant growth next year. It is also establishing a non-alcoholic beer production facility to enter the domestic non-alcoholic beverage market, continuing its responsible efforts as a first-generation craft beer company to develop and expand the market.

Furthermore, SevenBrewery will conduct a stock exchange for existing small shareholders who participated in crowdfunding. This is intended to repay and express gratitude to investors who have supported the company through growth and challenges over the past decade.

Kim Kang-sam, CEO of SevenBrewery, stated, “As the market share of craft beer gradually increases in the domestic beer market, we will strive to enhance market competitiveness through various research and development efforts and supply more diverse and high-quality craft beers.”

This content was produced with the assistance of AI translation services.