Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

APlus Asset Advisor / Equity Capital Markets

Established in 2007, APlus Asset Advisor is getting ready to complete its IPO in the Korean stock market in November. Aplus Asset Advisory is the Korean market leader in the independent corporate insurance agency (GA) business that compares and analyzes various products of insurance companies and provides optimal insurance and financial services to its customers. 
The IPO price range is from 10,500 won to 12,300 won. The IPO base deal size is from $26 million to $30 million. According to the bankers' valuation, the expected market cap after the IPO is from 237 billion won to 278 billion won. NH Investment Securities is the lead underwriter of this IPO. The book-building for the institutional investors starts on 5 November. 
Aplus Asset Advisor generated revenue of 269.4 billion won (up 16% YoY) and an operating profit of 20.9 billion won (up 24.9% YoY) in 2019. The company's operating margin averaged 7.1% from 2016 to 1H 2020. From 2016 to 2019, the company's sales increased at a CAGR of 9.3%.

Established in 2007, APlus Asset Advisor is getting ready to complete its IPO in the Korean stock market in November. Aplus Asset Advisory is the Korean market leader in the independent corporate insurance agency (GA) business that compares and analyzes various products of insurance companies and provides optimal insurance and financial services to its customers. 
The IPO price range is from 10,500 won to 12,300 won. The IPO base deal size is from $26 million to $30 million. According to the bankers' valuation, the expected market cap after the IPO is from 237 billion won to 278 billion won. NH Investment Securities is the lead underwriter of this IPO. The book-building for the institutional investors starts on 5 November. 
Aplus Asset Advisor generated revenue of 269.4 billion won (up 16% YoY) and an operating profit of 20.9 billion won (up 24.9% YoY) in 2019. The company's operating margin averaged 7.1% from 2016 to 1H 2020. From 2016 to 2019, the company's sales increased at a CAGR of 9.3%.

South Korea

Aplus Asset Advisor Co., Ltd. provides insurance brokerage services. The Company offers insurance advisory and consulting services, loss prevention services, insurance reporting, and other related services. Aplus Asset Advisor provides services in Korea.

APlus Asset Advisor (244920 KS)

APlus Asset Advisor IPO Preview

APlus Asset Advisor is getting ready to complete its IPO in the Korean stock market in November. This is the Korean market leader in the...

Douglas Kim