Fresh Food Distribution Company Oasis Scheduled to Enter KOSDAQ Next Month

[Asia Economy Reporter Kwon Jae-hee] Fresh food distribution company Oasis announced on the 12th that it has submitted a securities registration statement to the Financial Supervisory Service and is pursuing a listing on the KOSDAQ market.

The company plans to offer a total of 5,236,000 shares, with a desired offering price range of 30,500 to 39,500 KRW per share. Accordingly, the total offering amount is estimated to be between 159.7 billion and 206.8 billion KRW.

Oasis will conduct a demand forecast from the 7th to 8th of next month, followed by a general subscription from the 14th to 15th of the same month, before entering the KOSDAQ market.

The joint lead managers are NH Investment & Securities and Korea Investment & Securities.

Founded in 2011, Oasis is a company that sells organic food based on a producer network established through offline stores. In 2018, it launched 'Oasis Market' and expanded its business scope to include fresh food dawn delivery.

While sales were only 19.3 billion KRW in 2015, the company emphasized that sales grew 18.5 times to 356.9 billion KRW in 2021.

Sales in the third quarter of last year were 311.8 billion KRW, up 19.8% year-on-year, and operating profit was 7.7 billion KRW, up 78.4%.

An Jun-hyung, CEO of Oasis, expressed his ambition, stating, "By expanding our business areas through live commerce and instant delivery, we will leap forward as a leading smart logistics and distribution tech company in South Korea."

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