Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul>
<li>K Auction is getting ready to complete its IPO on the KOSDAQ exchange in January 2022. K Auction is the second largest art auction platform company in Korea. </li>
<li>K Auction's sales and operating profit surged by 69% YoY and 586% YoY in 1Q - 3Q 2021. It had a 42% share in the Korean art market in 1H21.</li>
<li>The valuations appear reasonable with large IPO discount. Given the strong demand for art market/NFT combined with strong financials, there is likely to be solid retail interest in this IPO. </li>
</ul>


K Auction is getting ready to complete its IPO on the KOSDAQ exchange in January 2022. K Auction is the second largest art auction platform company in Korea. 
K Auction's sales and operating profit surged by 69% YoY and 586% YoY in 1Q - 3Q 2021. It had a 42% share in the Korean art market in 1H21.
The valuations appear reasonable with large IPO discount. Given the strong demand for art market/NFT combined with strong financials, there is likely to be solid retail interest in this IPO. 


South Korea

K-auction.Inc operates commodity brokerage businesses. The Company provides commodity auctions and other services. K-auction conducts businesses in South Korea.

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K Auction (102370 KS)

K Auction IPO Preview

K Auction is getting ready to complete its IPO in January 2022. Given the strong demand for art market/NFT combined with strong financials, there...

Douglas Kim

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