Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul><li><strong><a href="https://www.smartkarma.com/entities/23605" target="_blank" data-smartkarma-citation="entities:23605:1">ABC-Mart Korea (1074042D KS)</a> </strong> <strong>is a 100% wholly owned subsidiary of a Japanese company <a href="https://www.smartkarma.com/entities/3213" target="_blank" data-smartkarma-citation="entities:3213:1">Abc Mart Inc (2670 JP)</a>. ABC-Mart Korea is a category killer in sneakers multi shops.</strong> ABC-Mart Korea has been increasingly gaining household brand name recognition as the "go-to" destination when Korean consumers decide to purchase new sneakers. The company generated 397.6 billion won in sales with 10.8% operating margins in 2015. </li><li>ABC-Mart Korea filed a preliminary IPO application with the Korea Exchange (KRX) on September 6th. Once approved, it is likely for the company to be listed on the Korea Stock Exchange in December 2016/early 2017. This IPO is expected to be one of the largest consumer retail sector IPOs in Korea over the next six months. It takes about 45 business days for the approval process to be approved or not. It appears that this IPO is most likely to get approved by the Korea Exchange. The lead manager is NH Investment &amp; Securities. </li><li>ABC Mart is a sneakers/shoes multi shop, which refers to selling many different branded sneakers and shoes at one location. Many consumers prefer to shop at a multi shop when purchasing sneakers/shoes since it is more convenient and the multi shop provides a wider selection of shoes and sneakers to choose from as compared to hypermarkets, for example.</li></ul>

ABC-Mart Korea (1074042D KS)  is a 100% wholly owned subsidiary of a Japanese company Abc Mart Inc (2670 JP). ABC-Mart Korea is a category killer in sneakers multi shops. ABC-Mart Korea has been increasingly gaining household brand name recognition as the "go-to" destination when Korean consumers decide to purchase new sneakers. The company generated 397.6 billion won in sales with 10.8% operating margins in 2015. ABC-Mart Korea filed a preliminary IPO application with the Korea Exchange (KRX) on September 6th. Once approved, it is likely for the company to be listed on the Korea Stock Exchange in December 2016/early 2017. This IPO is expected to be one of the largest consumer retail sector IPOs in Korea over the next six months. It takes about 45 business days for the approval process to be approved or not. It appears that this IPO is most likely to get approved by the Korea Exchange. The lead manager is NH Investment &amp; Securities. ABC Mart is a sneakers/shoes multi shop, which refers to selling many different branded sneakers and shoes at one location. Many consumers prefer to shop at a multi shop when purchasing sneakers/shoes since it is more convenient and the multi shop provides a wider selection of shoes and sneakers to choose from as compared to hypermarkets, for example.

ABC-Mart Korea IPO Preview (Category Killer in Sneakers Multi Shops) - Part I