Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

SKonec Entertainment / Equity Capital Markets

<ul>
<li>We expect a wide price range ranging from 18,001 won to 39,939 won for Skonec Entertainment IPO, which is much higher than the high end of IPO price range.</li>
<li>We estimate Skonec to generate sales of 6.0 billion won in 2021 (up 27.6% YoY) and 13.9 billion won in 2022 (up 132% YoY). </li>
<li>Skonec Entertainment's main business is VR-based content production. It has also been providing metaverse VR game business through VR platforms such as Oculus and PlayStation.</li>
</ul>


We expect a wide price range ranging from 18,001 won to 39,939 won for Skonec Entertainment IPO, which is much higher than the high end of IPO price range.
We estimate Skonec to generate sales of 6.0 billion won in 2021 (up 27.6% YoY) and 13.9 billion won in 2022 (up 132% YoY). 
Skonec Entertainment's main business is VR-based content production. It has also been providing metaverse VR game business through VR platforms such as Oculus and PlayStation.


Skonec Entertainment IPO Valuation Analysis

<ul>
<li>SKonec Entertainment (276040 KS), which specializes in VR based metaverse technologies, is getting ready to complete an IPO in the Korean stock market in the next several weeks.</li>
<li>Currently, Skonec Entertainment has a gray market value of 34,000 won, which is 183% higher than the high end of the IPO price range of 12,000 won. </li>
<li>The company has been one of the first game companies to develop VR based gun shooting games in Korea.</li>
</ul>


SKonec Entertainment (276040 KS), which specializes in VR based metaverse technologies, is getting ready to complete an IPO in the Korean stock market in the next several weeks.
Currently, Skonec Entertainment has a gray market value of 34,000 won, which is 183% higher than the high end of the IPO price range of 12,000 won. 
The company has been one of the first game companies to develop VR based gun shooting games in Korea.


South Korea

SKonec Entertainment Co Ltd operates as a game development company. The Company develops virtual reality games, gun shooting games and other products. SKonec Entertainment markets its products throughout Korea.

SKonec Entertainment (276040 KS)

Skonec Entertainment IPO Valuation Analysis

We expect a wide price range ranging from 18,001 won to 39,939 won for Skonec Entertainment IPO, which is much higher than the high end of IPO...

Douglas Kim

Skonec Entertainment IPO Preview

SKonec Entertainment (276040 KS), which specializes in VR based metaverse technologies, is getting ready to complete an IPO in the Korean stock...

Douglas Kim