Musinsa Applies for Preliminary Review for KOSPI Listing
The Korea Exchange announced on September 7 that it has received an application for preliminary review of listing on the KOSPI market for Musinsa shares.
As of the application date, Musinsa CEO Cho Man-ho and 26 other individuals collectively hold a 54.2% stake in the company.
Established in June 2012, Musinsa recorded separate sales of 1.3529 trillion won and operating profit of 145.8 billion won last year. During the same period, the company reported a net loss of 10.6 billion won.
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Musinsa stated, "The purpose of this preliminary review is to examine the validity of an IPO as one of the funding options Musinsa is considering to grow into a global company." The company added, "Through the review, we will assess whether Musinsa meets the listing requirements and the practical benefits of going public."
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