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[Apha Biz=(Chicago) Reporter Paul Lee] millie will launch an initial public offering (IPO) again in a year.
Millie's study is a KT affiliate, which was listed once in October last year but was withdrawn. As the IPO market has recently been revitalized, it has been re-publicized.
millie submitted a securities report to the Financial Services Commission on the 21st and announced that it has begun a full-fledged public offering process. The public offering is a total of 1.5 million shares, and the desired price is 20,000 to 23,000 won. It is cheaper than 21,500 ~ 25,000 won, which was the desired price at the time of listing last year. The total amount of public offering will be between 30 billion won and 34.5 billion won. Demand forecasts are from September 7th to 13th, and subscriptions are from September 18th to 19th. The host company is Mirae Asset Securities.
millie is a reading platform company founded in 2016. Based on the book IP, it provides contents such as audiobooks, audio dramas, chatbots (chat-type reading content), docent books and object books, and currently has 6.4 million cumulative subscribers. It was acquired by Genie Music, a KT subsidiary in September 2021, and recorded a surplus of 45.8 billion won in sales and 4.2 billion won in operating profit last year.
Performance in the first half is also improving to 26 billion won in sales and 5 billion won in operating profit. Last year, the company sought to enter KOSDAQ as a technology exception, but this time it will push for a general listing.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
