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THE INVESTOR] Upscale home furnishing store chain Casamia plans to list its shares on Seoul’s main bourse KOSPI in August, the brand’s spokesperson said on July 18.
The retail firm is expected to offer 3 million shares to the public with the IPO price ranging between 20,000 won (US$17.60) to 24,000 won per share. The size of the total offering will be in the range of 60 billion won to 72 billion won.
A Casamia store at COEX, Seoul
Hanwha Investment & Securities will be the lead underwriter for the proposed IPO along with Daishin Securities.
The Korean firm has managed to boast an annual profit of 100 billion won consecutively since 2011. Casamia’s 2015 revenue came in at 102.4 billion won with operating and net profit of 11.7 billion won and 9.7 billion won, respectively.
The leading retailer has grown in strength since it was incorporated in 1992. Now, it operates a total of 70 stores nationwide and plans to further expand its operations by widening the distribution network and strengthening mobile services.
By Jung Min-kyung (
mkj1105@heraldcorp.com)