Following Coupang, Korean Market Curly is considering listing in the United States!

On the 12th, according to industry insiders, Market Curly, the initiator of early morning delivery, is considering listing on the U.S. stock market after Coupang.

Market Curly’s transaction volume last year was reported to be 1 trillion won, lower than Coupang (estimated at 20 trillion won). However, in terms of early delivery of fresh food, it is on par with Coupang and SSG.com.

After Coupang announced that it would make aggressive investments with the funds raised from its IPO, competition in the online shopping market is expected to intensify further. Therefore, if companies do not want to be at a disadvantage in the competition, they must secure investment funds to avoid falling behind.

Curley , manager of Market Curly, said that he started considering going public only after seeing the Coupang case recently .

It is reported that Curly's CEO Seul-A Kim mentioned the listing of Coupang and the sale of eBay Korea at the meeting , revealing a sense of crisis , and announced the listing plan to team leaders or higher-level employees on the 26th .

"The domestic e-commerce market is expected to be restructured by large companies, so if we don't push forward with the listing this year, we may fall behind in the market," said CEO Jin.

Curley believes that the current domestic and international IPO market conditions are good, coupled with economic growth, performance has improved, so he believes that now is the best time to go public.

In addition, Timon is pushing forward its domestic listing in the second half of the year.

Last year, Tmon selected Mirae Asset Daewoo as its IPO manager and entered the listing process. Last month, it attracted 35 billion won in investment and eliminated its capital deficit.

In addition, 11   Street is also likely to be listed in 2023 .   Street's position is that it still needs to be observed and prepared based on market conditions .

Shinsegae Group's SSG website is also considered a potential company for listing.

An official in the e-commerce industry predicted: "It is clear that Coupang's listing has changed the outlook for the online distribution industry , and it may have an impact on the listing of related companies in the future. "

Another person related to the online shopping mall said : "The more Coupang's market share increases, the more companies will exit the market , and each company must work hard to increase its own value. "

South Korea

E-commerce

Listing