Oasis Officially Begins KOSDAQ Listing Process... Submits Securities Registration Statement

E-commerce No.1, Goal for Next Month

Oasis logo. (Photo by Oasis)

Oasis announced on the 12th that it has submitted a securities registration statement to the Financial Supervisory Service and is commencing the process of listing on the KOSDAQ.

Through this listing, Oasis plans to offer 5,236,000 shares to the public. The expected public offering price ranges from 30,500 KRW to 39,500 KRW per share, with the total public offering amount estimated between 159.7 billion KRW and 206.8 billion KRW. After conducting demand forecasting on the 7th and 8th of next month, general subscription will take place on the 14th and 15th, followed by entry into the KOSDAQ market. NH Investment & Securities and Korea Investment & Securities are serving as joint lead managers.

Founded in 2011, Oasis differs from typical e-commerce companies based on online marketplaces by being established on an offline store foundation. Leveraging a robust producer direct sourcing network built through offline stores, it provides consumers with high-quality organic food at reasonable prices, achieving high customer satisfaction. In 2018, Oasis expanded its business scope by launching Oasis Market, extending into fresh food dawn delivery services.

Based on efficient management, Oasis has maintained profitability since its establishment, a first in the industry. Sales, which were only 19.3 billion KRW in 2015, grew approximately 18.5 times to 356.9 billion KRW in 2021. In the third quarter of 2022, it recorded sales of 311.8 billion KRW and operating profit of 7.7 billion KRW. Oasis attributes its sustained growth to ▲ its proprietary smart logistics solution Oasis Route ▲ a smart integrated logistics center that maximizes operational efficiency ▲ and the synergy between online and offline channels.

Junhyung Ahn, CEO of Oasis, stated, “Oasis is a unique grocery dawn delivery leader that owns its network, logistics centers, and IT logistics solutions.” He added, “Based on our distinctive technological capabilities, we will expand our business areas beyond dawn delivery to include live commerce instant delivery and quick commerce O4O business entry, aiming to become a leading smart logistics and distribution tech company representing South Korea.”

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