NVT Submits Securities Report for KOSDAQ Listing

Mobile Point Platform Company... Secures Over 8 Million MAU

[Asia Economy Reporter Eunmo Koo] Mobile point platform company NBT announced on the 28th that it submitted a securities registration statement to the Financial Services Commission on the 27th for listing on the KOSDAQ market.

Founded in 2012, NBT operates B2C mobile point apps such as Cash Slide and Cash Feed, as well as B2B mobile point networks like Addison Offerwall, currently securing over 8 million monthly active users (MAU).

NBT has internalized the entire value chain of the point advertising business, including advertiser sales, advertising planning and production, advertising operation effectiveness measurement, and media acquisition. It also possesses excellent business capabilities and infrastructure, operating its own point ecosystem worth a cumulative 200 billion KRW.

Additionally, as the number one mobile point operator for the past eight years, the company has secured development capabilities to handle traffic from large mobile services and holds unique technology patents. Based on its solid position in the point advertising market, the company plans to grow as a leading mobile point platform company encompassing the rapidly growing mobile shopping and content markets.

Park Sugeun, CEO of NBT, stated, “As a leading mobile point platform operator, we decided to list on the KOSDAQ market to pursue challenging domain expansion and growth. The proceeds from the public offering will be used for mergers and acquisitions (M&A) and investments to strengthen the mobile platform business, overseas expansion, and research and development.”

NBT’s total number of shares offered is 832,000, with a desired public offering price range of 13,200 KRW to 17,600 KRW per share. Demand forecasting will be conducted on the 18th and 19th of next month to finalize the public offering price, followed by a two-day general subscription on the 24th and 25th. The expected listing date is early December, with Mirae Asset Daewoo as the lead underwriter.