One Store submits amended securities report... Demand forecast scheduled for next month on the 9th-10th

[Asia Economy Reporter Hwang Yoon-joo] On the 14th, One Store announced that it has submitted a revised securities registration statement and will proceed with listing on the KOSPI market in May.

Through this revision of the securities registration statement, One Store added investment risk factors, stating that as a latecomer in the app market platform sector, continuous operating losses may occur.

Additionally, in response to controversies over the appropriateness of previously listing Apple, Alphabet (Google), and Kakao as comparable companies for corporate valuation, the comparable companies have been changed to Tencent, Naver, Kakao, and Nexon.

The desired public offering price per share remains unchanged at 34,300 to 41,700 KRW. The total number of shares offered is 6.66 million, and based on the upper limit of the desired offering price, the market capitalization is approximately 1.111 trillion KRW.

Following the submission of the revised securities registration statement, the listing schedule has also been adjusted. Institutional investor demand forecasting will take place on May 9-10, followed by the general subscription on May 12-13. The listing on the KOSPI market will occur within May.

The lead underwriters are NH Investment & Securities and KB Securities, with SK Securities serving as a joint lead underwriter. Hana Financial Investment and Daishin Securities are participating as underwriting companies.

One Store plans to invest the proceeds from this public offering into building a global app market platform to pursue overseas expansion within the year, while also using the funds to strengthen cross-platform business, secure story content IP (intellectual property), and promote new businesses such as in-app advertising.