[넘버스]3 Reasons Why Curley Advances Listing Clocks Another’Future of Commerce’

Let’s interpret business, economy and technology with numbers. Numbers are a source of information. Information is open to anyone, and numbers can be seen by anyone, but not everyone has an eye to see the truth behind it. A story of numbers so that everyone can relate <넘버스>I’ll try to solve it easily.

The domestic e-commerce market is fluctuating. First of all, Coupang entered the US stock market in a flashy way. Based on the closing price on the 11th (local time), the first day of listing, the market cap exceeded KRW 100 trillion. As a result, news was reported that Market Curly, the ancestor of Jill Sara’s’Satbyul Delivery’, is also pursuing listing on the stock market within this year. I have been sticking to the position that I will focus on growth every time the IPO rumors turn around, but this time “Now is the right time”It is said that the judgment stood.

On the 12th, according to Curley, the manager of Market Curly, on the 26th of last month, CEO Seul-ah Kim shared plans to promote listing within the year to employees of the team leader level or higher. It is said that until the beginning of this year, it was planned to promote listing in about two years. Seulah Kim, who was watching the rapidly changing industry trend, decided to revise the strategy. An official from Market Curly said, “We decided to revise the plan and promote listing within this year. We are looking at all possibilities for the Korean and US stock markets,” he said.

Market Kurly, which opened in 2015, is the first company to open the domestic early morning delivery market. Early morning delivery, which is called’Satbyul Delivery’, and exclusive products that are not sold anywhere else, were popular. As the only full cold chain system in Korea that maintains the entire distribution process from production, warehousing, sorting, and delivery to a constant temperature, it has established itself as one of the major domestic distributors in the fresh food sector. As of this month, the cumulative number of members exceeded 7 million. The total cumulative investment that Curley has attracted over the past five years amounted to 420 billion won.

① Liquidity boom, timely listing

There are three main reasons Curley decided to go public this year. First, as liquidity expands around the world, the US, Korea, etc. The stock market is boomingIt was evaluated as a good news for being hit. Curley predicts that even if the Corona 19 vaccine becomes available, this trend will continue until the end of this year. Even if it succeeds in turning into a surplus in the future, I thought that it would be difficult to get a positive evaluation of the corporate value than it is now, and this year was the best time for listing.

② Better housekeeping

As our business performance improved significantly, we gained confidence in promoting the listing. As early morning delivery became very popular due to the Corona 19 outbreak, Curley posted 1 trillion won in sales last year. The transaction amount also recorded 1.2 trillion won. It has more than doubled compared to 2019 (500 billion won). The deficit was only at the level of the previous year (98.6 billion won), and the proportion of the deficit to sales decreased to 12% from 38% in 2018. Of course, the overall size is small compared to Coupang, but Curly argues that the company can be grown sufficiently by raising funds.

③ Whale fight, shrimp, etc. explode

The rapidly changing domestic e-commerce market also encourages Curly’s listing. First, Coupang succeeded in raising $4.55 billion (about 5.6 trillion won) by listing on the US stock market. EBay Korea is pursuing the sale, and Kakao, Shinsegae Group, and MBK Partners, the major shareholder of Homeplus, are being discussed as promising candidates for acquisition. Here, it is known that Curly’s direct rival, Shinsegae SSG.com, is working under the water to cooperate with Naver. As the market was reorganized around big companies, we came to the conclusion that we can only survive by changing strategies. It is explained that the decision to enter the stock market was not simply based on Coupang’s listing.

An official from Curley said, “It is not at the stage that the US stock market was confirmed. “We haven’t even reviewed whether it meets the market requirements, and we have only clarified our plans to go public this year.” “The mayor A big player like a black killer whale Mainly gathering, We dolphins Level. He said, “I decided that I should go to a public offering market that can receive enough capital to be a whale to be sized as a whale.” “I was thinking of a turnaround in 2023, but as the plan has changed, it seems that the timing could be accelerated depending on the status of investment attraction and the capital that is being raised,” he added.

Coupang’s successful debut on the New York Stock Exchange is immediately becoming a hot topic for its listing promotion. Listening to the story, it makes sense. The e-commerce market is undergoing big changes these days. Here, there is a sense of urgency that if we do not have an initiative to lead the market, we will not be able to guarantee the next decade.

Meanwhile, the average trading price of Curly’s unlisted stocks in the over-the-counter market over the past six months was in the range of 25,000 won to 35,000 won per share.