Bluepoint officially begins listing process... "General investors can also invest in startups"

Preliminary Review Approval for KOSDAQ Market Listing
First Investment by Early Startup AC
Last Year's Revenue 38.5 Billion, Record High

[Asia Economy Reporter Kim Bo-kyung] Startup accelerator Bluepoint Partners (hereinafter Bluepoint) is officially entering the process of listing on the KOSDAQ. This is the first time an accelerator is going public in Korea, drawing attention from the industry.

Bluepoint announced on the 20th that it has received preliminary approval for listing on the KOSDAQ market from the Korea Exchange. The lead underwriter is Korea Investment & Securities.

Founded in 2014, Bluepoint invests in technology-based early-stage startups to accelerate their growth. Its goal is to become a partner that embarks on an innovation journey by discovering technological expertise hidden throughout the startup ecosystem as well as in industry, academia, and research sectors.

As of the first half of this year, Bluepoint has invested in 255 startups across digital (24%), industrial technology (20%), data and artificial intelligence (18%), healthcare (16%), bio and medical (10%), and cleantech (8%) sectors. Ninety percent of the companies invested in over the past three years have survived, with a total corporate value reaching approximately 4.0458 trillion KRW.

Notable portfolio companies include Plasmapp, a manufacturer of medical sterilizers; Tomocube, a developer of three-dimensional microscopes; and Starstech, an eco-friendly deicing agent manufacturer using starfish.

Currently, 10 portfolio companies including Plasmapp and Tomocube are preparing for initial public offerings (IPOs). In particular, Plasmapp received approval for a new listing on the KOSDAQ on the 19th and is scheduled to begin trading on the 21st. Inventage Lab also passed its preliminary review on September 22 and is preparing for a listing within the year.

Bluepoint’s performance last year achieved record highs with sales of 38.53 billion KRW and operating profit of 24.17 billion KRW. Compared to 2020, sales increased by 106.5% and operating profit surged by 234.3%. In the first half of this year, sales reached 20.53 billion KRW and operating profit was 11.27 billion KRW.

Lee Yong-kwan, CEO of Bluepoint Partners, stated, "Our goal through listing is to secure high credibility and provide more opportunities and possibilities to startups. We plan to lead a virtuous cycle in the startup ecosystem by enabling general investors to indirectly invest in numerous promising early-stage startups, thereby reducing risk and revitalizing the startup market."

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