Gonggu Woman, Public Offering Price Confirmed at 20,000 Won

[Asia Economy Reporter Park Hyungsoo] Gonggu Woman has set the public offering price at 20,000 KRW.

Gonggu Woman announced on the 11th that it recorded a demand forecast competition rate of 56.91 to 1 after conducting a two-day demand forecast for institutional investors from the 7th to the 8th.

Based on the public offering price, the public offering size is 22.4 billion KRW, and the market capitalization after listing is 73.4 billion KRW.

A representative from Mirae Asset Securities, which underwrote the listing, explained, "Many institutional investors positively evaluated Gonggu Woman's differentiated competitiveness," adding, "The recent instability in the stock market and the weakened investment sentiment affected the success of Gonggu Woman's public offering."

Gonggu Woman operates a D2C specialized mall for plus-size women. It is a first-generation company in the domestic plus-size women's fashion industry, leading the market since the early 2000s. It has secured 440,000 members. Based on efficient advertising expenditure and operating capabilities, the operating profit margin rose from 16.5% in 2020 to the 20% range in 2021.

Kim Jooyoung, CEO of Gonggu Woman, said, "We will use the listing as an opportunity to establish a foundation for sustainable growth through brand expansion," and added, "We will strive to become a company that meets investors' expectations."

Gonggu Woman will proceed with general investor subscription from the 14th to the 15th and will enter the KOSDAQ market on the 23rd.

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