In today’s briefing:
- APR IPO Preview
- Insiders Related Daisy Partners Sells About 270 Billion Won of Ecopro Co and Ecopro BM
APR IPO Preview
- APR is getting ready to complete an IPO in KOSPI in February 2024. The IPO price range is from 147,000 won to 200,000 won.
- According to the bankers’ valuation, the company’s valuation is expected to range from 1.1 trillion won to 1.6 trillion won post IPO.
- The company’s best selling product is its skin care beauty device product called Medicube Age-R.
Insiders Related Daisy Partners Sells About 270 Billion Won of Ecopro Co and Ecopro BM
- On 29 December, Ecopro Group announced large selling of Ecopro Co Ltd (086520 KS) and Ecopro BM (247540 KS) by Daisy Partners worth 272 billion won in December.
- Daisy Partners is a company 100% owned by Chairman of Ecopro Group Lee Dong-Chae and his family members.
- Daisy Partners is likely to sell more shares in Ecopro Co and Ecopro BM in the next several years to increase the foundation’s capital to about 500 billion won.
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