Musinsa said it filed an application for a preliminary listing review with the Korea Exchange (KRX) on the afternoon of the 7th, seeking to list on the main board.
According to a KRX disclosure, the fashion platform operator plans to have 227.829 million shares outstanding upon listing, including 26.6 million shares to be offered publicly. The par value is 100 won per share. Chief Executive Cho Man-ho and 26 others hold 54.2% of the company. Musinsa has 2,240 employees.
"This preliminary review is intended to examine the feasibility of a listing, which we are considering as a funding option to grow into a global company," Musinsa said. "Through this preliminary listing review, we plan to confirm whether we meet listing requirements and to assess the practical benefits of going public."
Musinsa posted total revenue of 821.7 billion won on a consolidated basis in the first half of this year, up 22.5% from a year earlier and a record high for a first half.
