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

2026 ("Year of the Horse") Major IPOs Pipeline in Korea

2026 ("Year of the Horse") Major IPOs Pipeline in Asia

Korea Small Cap Gem #11: DSC Investment - One of the Most Prolific Investors of Korean Unicorns

Emart & Kurly - Double Down On the Pricing War Against Coupang

2020 Financials Comparison of Kurly Vs SSG.Com (IPO Candidates in 2021 & 2022)

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>Musinsa is getting ready to complete its IPO in 2H 2025. Musinsa is the top fashion online/mobile platform in Korea. </li>
<li>The market value of Musinsa is expected to be about 5 trillion won which could be one of the largest IPOs in Korea this year. </li>
<li>Musinsa had its best ever results in 2024 with sales of 1.2 trillion won (up 25.1% YoY), operating profit of 102.8 billion won, and net profit of 69.8 billion won.</li>
</ul>


Musinsa is getting ready to complete its IPO in 2H 2025. Musinsa is the top fashion online/mobile platform in Korea. 
The market value of Musinsa is expected to be about 5 trillion won which could be one of the largest IPOs in Korea this year. 
Musinsa had its best ever results in 2024 with sales of 1.2 trillion won (up 25.1% YoY), operating profit of 102.8 billion won, and net profit of 69.8 billion won.


Musinsa

무신사 IPO에 대한 초기 생각