[IPO] Dalba Global Aims to Become a 'Global Super Brand' Through KOSPI Listing

Dalba Global (CEO Seongyeon Ban) held an initial public offering (IPO) press conference on the 30th. Dalba Global

Dalba Global, a leading premium vegan beauty brand, held an initial public offering (IPO) press conference on the 30th, where it announced its global growth strategy and vision through a planned KOSPI listing.

Since its establishment in 2016, Dalba Global has achieved remarkable growth, increasing both sales and operating profit for nine consecutive years, centered on its premium vegan skincare brand 'd'Alba.' Over the past three years, the company recorded an average annual sales growth rate of 65%, ranking first among listed companies in the cosmetics sector. In 2024, the company posted sales of KRW 309.1 billion, with overseas sales accounting for 45.6%, demonstrating rapid global expansion.

In particular, its flagship product, the 'First Spray Serum' (also known as the Flight Attendant Mist), has surpassed 50 million bottles in cumulative global sales, establishing itself as a true mega-hit product. Dalba Global plans to nurture this product into a global hero product with worldwide recognition, akin to Est?e Lauder's 'Brown Bottle.'

From its inception, Dalba Global has pioneered the market with a differentiated strategy of creating products that satisfy both emotion and efficiency. The company developed a patented ingredient, 'Trufferol,' based on premium antioxidant Italian white truffle, and applied it to its products. Dalba Global has continued to launch innovative products, such as spray serums, non-whitening sun creams, and double creams that combine serum and cream, thereby establishing a unique position in the market.

Additionally, the Dalba product lineup has secured balanced demand across all global regions and generations, without being concentrated in any specific country or channel, laying the foundation for sustainable growth as a premium brand.

Going forward, Dalba Global plans to expand its product portfolio beyond premium beauty to include adjacent sectors such as health functional foods and beauty devices. The company also aims to accelerate its entry into advanced markets such as North America, Europe, and Japan, while increasing market penetration in emerging markets like India, the Middle East, and Central and South America, primarily through online channels, to broaden its global coverage.

Through these efforts, Dalba Global intends to solidify its position as a 'global super brand' and, in the long term, develop the 'First Spray Serum' into a globally recognized steady hero product, similar to Est?e Lauder's Brown Bottle, to ensure continued growth.

The funds raised through this IPO will be strategically invested in the development of new premium products, global market expansion, and entry into new businesses such as health functional foods, beauty devices, and beauty care.

Dalba Global aims to achieve KRW 1 trillion in sales and 70% overseas sales ratio by 2028, establishing itself as a global super brand. CEO Seongyeon Ban stated, "Dalba Global has earned the love of domestic and international customers with innovative products that harmonize emotion and efficiency. Even after listing, we will accelerate efforts to strengthen our global brand power and secure new growth engines, evolving from a premium vegan beauty brand into a global super brand."

Meanwhile, Dalba Global will offer a total of 654,000 shares in this IPO. The offering price is expected to be between KRW 54,500 and KRW 66,300 per share, with the total offering amount projected to be between KRW 35.6 billion and KRW 43.4 billion. The institutional investor book-building will take place from April 28 to May 7, and the general subscription period will be from May 9 to 12. Mirae Asset Securities is the lead underwriter for the listing.