Daishin Securities Catches Three Consecutive 'Big Fish'... IPO Powerhouse Takes Flight

Interview with Nayuseok, Executive Director in Charge of IPO

[Asia Economy Reporter Park So-yeon] Daishin Securities is attracting significant attention in the initial public offering (IPO) market as it has taken on the role of lead manager for Kakao Mobility's listing this year, following Kakao Pay and LG Energy Solution last year.

Na Yu-seok, Executive Director in charge of IPOs at Daishin Securities, explained in an interview with Asia Economy on the 25th, "If I cautiously evaluate our recent achievements in the IPO market, it can be seen as a result of selection and concentration, as well as presenting a clear vision."

In the fierce competition where major securities firms handle most IPOs, Daishin Securities has particularly stood out in listing new technology companies related to secondary batteries and platforms.

Executive Director Na said, "Rather than participating in every 'big deal,' we focus our sales efforts intensively on companies that align with our framework," adding, "We seem to have succeeded by identifying points where we can concentrate, such as records and understanding of similar industries."

Last year, Daishin Securities achieved impressive IPO results, including leading the listings of major companies like Kakao Pay and LG Energy Solution, as well as Rainbow Robotics, Jeju Beer, HPO, and Enchem.

This year, they were selected as the lead manager for Kakao Mobility and are preparing the listing of Sungil Hightech, a company related to secondary battery recycling.

Executive Director Na stated, "In sales, we worked hard to persuade everyone from CEOs who can make decisions to practitioners and investors why Daishin Securities should be the lead manager," emphasizing, "We must thoroughly understand the client's vision and growth strategy and present an equity story and listing strategy that offers a vision one step ahead, including aspects the clients may not have considered."

He also emphasized 'teamwork.' Na Yu-seok said, "Employees continuously study the client companies, and the responsible relationship managers, executives, and when necessary, the management team, step up to ensure smooth deal progress." He added, "The IPO division has 40 members, including 10 from the research center, 5 to 6 with science and engineering backgrounds, and even legal experts, creating a diverse team that generates synergy."

Daishin Securities expanded its IPO division within the IB department from one to two teams through an organizational restructuring at the end of 2021. They also recruited many specialized personnel in bio, research assistants from securities research centers, and former public offering fund managers, recognizing the need for diverse perspectives in communication and consulting with companies. About two-thirds of the organization consists of employees born in the 1990s, contributing to a young workforce that helps understand various industries and fosters a dynamic and active organizational culture.

Meanwhile, Daishin Securities posted consolidated sales of 3.6353 trillion won, operating profit of 885.5 billion won, and net profit of 615.8 billion won in 2021. Compared to 2020, sales increased by 21.1%, operating profit by 270.2%, and net profit by 318.9%, achieving record-high results. The significant growth in operating and net profits was driven by increased performance in affiliates and investment banking (IB).

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