[Featured Stock] LB Inbe, Surges 13%... Ablee Valuation Highlighted at 3 Trillion Won After 20 Billion Won Investment

A 20 Billion Investment in Ably in the Past, Now Worth Tens of Times More
Ably Valued at 3 Trillion Won Following Global Investment Attraction
SV Investment and Capstone Partners, Investors in Ably, Also Rise Together

LB Investment is surging. It appears to be influenced by the recent valuation of the fashion e-commerce startup Abley, in which it previously invested 20 billion KRW, now valued at 3 trillion KRW.

As of 9:03 AM on the 3rd, LB Investment is trading at 4,995 KRW, up 13.01% (575 KRW) from the previous day. It hit a high of 5,210 KRW shortly after the market opened. This is the first time since June 3rd (5,070 KRW) that LB Investment's stock price has surpassed 5,000 KRW during trading hours. Since the news broke in May about plans to establish a joint venture worth approximately 1 billion USD with the United Arab Emirates (UAE)'s 'AIM Global Foundation,' LB Investment's stock price had shown a sluggish trend after reaching 7,930 KRW.

According to the investment banking (IB) industry, Abley is on the verge of securing a consortium investment worth about 200 billion KRW from multiple global investment institutions. In addition to the initially reported Chinese Alibaba Group, numerous overseas investment institutions from the United States, the United Kingdom, Singapore, the Middle East, and Canada are participating. During this process, the company's valuation was estimated at approximately 3 trillion KRW. Previously, the known valuation was about 900 billion KRW. This marks Abley's rapid rise to a 'unicorn' (a private company valued at over 1 trillion KRW) nearing 3 trillion KRW. The value of LB Investment's stake, which was invested at a valuation of several hundred billion KRW in the past, is expected to multiply dozens of times.

As of May, there are 12 known investors holding existing Abley shares. These include LB Investment, which invested 20 billion KRW, Kolon Investment (11 billion KRW), Korea Development Bank (10 billion KRW), Shinhan Venture Investment (35 billion KRW), Signite Partners (3 billion KRW), Premier Partners (8 billion KRW), SV Investment (20 billion KRW), Stick Ventures (4 billion KRW), L&S Venture Capital (5 billion KRW), Intervest (9 billion KRW), Capstone Partners (12 billion KRW), and Smilegate Investment (7 billion KRW). Among them, the listed companies SV Investment and Capstone Partners are also trading at prices up 3.35% and 2.50%, respectively, shortly after the market opened today.