[Alphabiz=(Chicago) Reporter Kim Jisun] Korea Investment & Securities Co. and NH Investment & Securities Co., which are in charge of listing Oasis, which holds the title of "e-commerce No. 1 listing," also have increased variables in realizing profits.
These securities firms invested 10 billion won each in advance, expecting the value of Oasis companies to be more than 1 trillion won, but failed to receive the desired ransom for now.
Oasis submitted a securities report to the Financial Supervisory Service on the 12th and announced that it will start the KOSDAQ listing process. It will conduct a demand forecast for institutional investors from the 7th to the 8th of next month and confirm the public offering price. The desired band for the public offering price is estimated to be 35,500 won to 39,500 won, and the expected market capitalization after listing is estimated at 967.8 billion won to 1.2534 trillion won.
The market capitalization at the bottom of the desired band for public offering is lower than the corporate value of the latest investment. In December last year, Korea Investment & Securities Co. and NH Investment & Securities Co., Ltd., the leading listed companies, calculated Oasis' corporate value at 1.1 trillion won and invested a total of 10 billion won, 5 billion won each.
At that time, the two securities firms made investments based on favorable evaluations that Oasis' corporate value would rise by more than 1.1 trillion won in the future. Since then, Home & Shopping has also invested 10 billion won by estimating Oasis' corporate value at 1.2 trillion won.
However, Oasis's corporate value is far below 1.1 trillion won. As of the 16th, Oasis' corporate value was formed at 840 billion won in the Seoul trading unlisted market. In other words, it has become virtually difficult for PI investors to realize profits immediately.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
