[Featured Stock] Oasis Major Shareholder Jieosoft Shows Strength

Majority Shareholder Holding 55% Stake
Undervalued Appeal Highlighted in Oasis's IPO Preparation

[Asia Economy Reporter Nam Seung-ryul] The stock price of GeoSoft is showing strong performance. As of 2:50 PM on the 25th, it is trading at 12,550 KRW, up 5.02% from the previous trading day. This is attributed to the increased attention on the undervaluation appeal of the parent company GeoSoft as the listing of its subsidiary Oasis is gaining momentum. GeoSoft is the largest shareholder, holding 55% of Oasis's shares.

Oasis, which is aiming to be the first e-commerce company to go public this year, submitted its securities registration statement to the Financial Supervisory Service on the 12th and has begun the process of listing on the KOSDAQ market. Through this listing, Oasis plans to offer 5,236,000 shares to the public, consisting of 3,665,000 newly issued shares and 1,571,000 existing shares. The existing shares are held by GeoSoft. The expected price range for the offering is 30,500 to 39,500 KRW per share, with the total offering amount estimated between 159.7 billion and 206.8 billion KRW. Based on the upper price range, the market capitalization is expected to be approximately 1.2535 trillion KRW, and about 960 billion KRW based on the lower range.

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