Mirae Asset Venture Investment Invests 14 Billion KRW in 'APR' and Recovers 110 Billion KRW... 8x Profit

Mirae Asset Venture Investment announced on the 20th that it has sold all its shares in APR, achieving an 8-fold return on investment and recovering investment funds worth approximately 110 billion KRW.

APR, the first venture company to directly list on the KOSPI market, is a company with solid performance domestically and internationally based on beauty devices and beauty brands. As of last year, it recorded sales of 523.8 billion KRW and an operating profit of 104.2 billion KRW, gaining attention as a major IPO, and was listed in February this year with a public offering price of 250,000 KRW per share.

APR closed at 317,500 KRW on its first day of listing, maintained stock prices in the 200,000 KRW range for a while, and recently has shown a recovery trend, maintaining stock prices in the high 300,000 KRW range.

Mirae Asset Venture Investment invested 3 billion KRW in APR in 2018, when the valuation was about 190 billion KRW. Subsequently, it made follow-up investments in 2022 and last year, investing a total of 14 billion KRW, and held a 4.5% stake at the time of listing.

Recently, Mirae Asset Venture Investment completed the sale of all its shares in APR, recovering 110 billion KRW. This represents an 8-fold return on investment in APR. Considering that the main investment execution began in 2022, this means an 8-fold return was achieved in just over a year. Given that most of the performance related to APR’s investment recovery is reflected in the second quarter, the securities industry expects a large-scale strong performance for the full year.

Despite the challenging venture investment environment recently, Mirae Asset Venture Investment has been steadily generating investment returns by proactively discovering and investing in innovative and promising growth companies in the industry. Due to these large-scale investment achievements, multiple securities firm reports have recently forecasted strong performance for Mirae Asset Venture Investment.

Choi Jae-ho, a researcher at Hana Securities, projected that with the upcoming sales of the investment portfolio and the reflection of valuation gains, operating profit will exceed 60 billion KRW this year, with an ROE of over 15%.

Additionally, Han Jae-yoon, a researcher at KB Securities, analyzed, “The IPOs of major companies valued at over 1 trillion KRW, such as ‘Moloco’, ‘Chrono24’, ‘Semifive’, and ‘On Platform’, are concentrated this year and next year. Since valuation gains exceeding 10 times the initial investment are currently being realized, it is expected that more than 150 billion KRW in profits will be realized over the two years from 2024 to 2025.”

Meanwhile, Mirae Asset Venture Investment, the first domestic venture investment company to cancel all treasury shares equivalent to 2.6% of the total issued shares, has announced plans for active shareholder returns in the future. Based on solid performance, it plans to actively return value to shareholders through treasury stock purchases and cancellations, as well as dividend expansions, utilizing the cash flow secured.

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