Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

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Equity Capital Markets

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<li>
<strong><a href="https://www.smartkarma.com/entities/27419" target="_blank" data-smartkarma-citation="entities:27419:1">Foodnamoo Inc (290720 KS)</a></strong> is leader in home meal replacement (HMR) market in Korea. The company's "special sauce" is providing healthy, chicken related ready-to-eat foods such as smoked chicken breasts and chicken steaks. The company has strong sales and earnings growth along with attractive cash flow and solid balance sheet. This IPO is definitely worth paying attention to despite its small size. </li>
<li>The book building for the <strong><a href="https://www.smartkarma.com/entities/27419" target="_blank" data-smartkarma-citation="entities:27419:1">Foodnamoo Inc (290720 KS)</a></strong> IPO will start on 11 September 2018. The IPO base deal size is from US$26 million to US$32 million. According to the bankers' valuation range, the expected market cap after the IPO will be from 127 to 155 billion won. </li>
<li>The company sells its products mainly through three main channels including its own rankingdak.com/masitdak.com websites, Naver store, and other websites. Rankingdak.com/masitdak.com are company's own websites that sell many of the company's branded ready-to-eat, prepared foods that are mostly chicken related.</li>
</ul>



Foodnamoo Inc (290720 KS) is leader in home meal replacement (HMR) market in Korea. The company's "special sauce" is providing healthy, chicken related ready-to-eat foods such as smoked chicken breasts and chicken steaks. The company has strong sales and earnings growth along with attractive cash flow and solid balance sheet. This IPO is definitely worth paying attention to despite its small size. 
The book building for the Foodnamoo Inc (290720 KS) IPO will start on 11 September 2018. The IPO base deal size is from US$26 million to US$32 million. According to the bankers' valuation range, the expected market cap after the IPO will be from 127 to 155 billion won. 
The company sells its products mainly through three main channels including its own rankingdak.com/masitdak.com websites, Naver store, and other websites. Rankingdak.com/masitdak.com are company's own websites that sell many of the company's branded ready-to-eat, prepared foods that are mostly chicken related.


Foodnamoo Inc IPO Preview (Part 1) - A Leader in Home Meal Replacement Products in Korea