Nomus Submits Securities Report... "Aiming for Growth as a 'Comprehensive Entertainment Solution'"

Enter tech company Nomers Co., Ltd. (CEO Youngjun Kim), which operates the comprehensive artist IP platform Wonderwall and fromm, submitted a securities registration statement to the Financial Services Commission on the 13th, officially beginning the process of listing on the KOSDAQ.

Through this listing, Nomers will offer 1.13 million shares entirely as new shares. The desired public offering price per share is between 27,200 and 30,200 KRW, with the total expected public offering amount ranging from approximately 30.7 billion to 34.1 billion KRW. After listing, the market capitalization (including diluted shares) is expected to be between 302.7 billion and 336.1 billion KRW. The demand forecast for institutions will be conducted over five business days from the 11th to the 17th of next month, followed by a two-day general subscription from October 23rd, aiming for a listing in early November.

Nomers plans to invest 100% of the raised funds into operating capital such as securing new IP, working capital, and research and development. Rooted primarily in K-pop artists, and considering the expanding base of K-content, Nomers will accelerate the onboarding of various influential IPs including actors, broadcasters, and influencers. The company also plans to continue pioneering new overseas markets for its services and conducting overseas concert tours for major artists. Additionally, it will focus more on research and development to enhance services that increase satisfaction for both artists and users.

Since submitting the preliminary listing examination application to the Korea Exchange on May 30th, Nomers received rapid approval in less than three months and has completed the main procedures up to the submission of the securities registration statement. As a company that integrates IT technology into the entertainment industry and provides differentiated entertainment business based on artist IP, it is understood that Nomers was highly evaluated for its strong value chain and business potential alongside high sales growth rates.

Furthermore, Nomers has been recognized for its stable debt-free management and growth potential every year since its establishment in 2019, having received four rounds of investment including Series A, B, C, and Pre-IPO series. It is also noted as a company that achieved profits unusually quickly in the industry. Notably, this listing will proceed with a public offering entirely through new share issuance without any sale of existing shares. After listing, the CEO and key stakeholders will hold about 32.5% of the shares, with a share value exceeding 100 billion KRW. Among them, CEO Youngjun Kim and major shareholders have voluntarily placed a two-year lock-up period, longer than the usual term, demonstrating their commitment to stable management.

In its early days, Nomers showcased content delivering the know-how and philosophy of various artists through Wonderwall Classes. It plans and produces artists’ MD and brands directly, sells and distributes them through its own shopping mall, and provides a full range of services including customer service. It also actively conducts differentiated on- and offline performances for artists not only domestically but also in global markets such as Asia, the Americas, and Europe. Subsequently, through the fandom platform fromm, it offers messaging, membership, and channel services, successfully leading content, commerce, and performance services based on in-depth DB analysis of fandoms.

Through this, Nomers is growing into a comprehensive entertainment solution connecting artists and fans by collaborating with many artists and entertainment companies and operating the entire entertainment business based on artist IP. Last year, Nomers recorded sales of approximately 42.3 billion KRW, a 134.8% increase compared to the previous year, and expanded into about 60 countries with overseas export accounting for 49.5%. The half-year (January to June) performance this year shows consolidated sales of 27.7 billion KRW and operating profit of 3.1 billion KRW.

Youngjun Kim, CEO of Nomers, said, “Following the rapid approval at the preliminary listing examination stage, we have smoothly completed the submission of the securities registration statement. Through this IPO, Nomers will strive for qualitative improvement as a one-stop service encompassing both online and offline, while expanding its unique value chain by securing global artist IPs and broadening its global network.”