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

Korean Art Goes Global - Decent 1Q16 Results

Seoul Auction - Dominant Art Auction Company in Korea; Open Your Eyes for Dansaekhwa

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. 


K Auction

K Auction IPO Preview