The K-beauty corporation d'Alba Global raised more than 7 trillion won in the public offering for general investors.
On the 12th, d'Alba Global noted that it conducted a public stock offering for general investors over two business days from the 9th to that day, collecting 7.07 trillion won in deposits.
With 191,800 shares allocated for general investors, investment demand surged, resulting in a competition ratio of 1,112.03 to 1 during the public offering. The total number of shares allocated evenly was calculated to be 0.40 shares.
d'Alba Global had also performed well in the demand forecasting for institutional investors conducted from the 28th of last month to the 7th of this month, solidifying the public offering price at the upper end of the desired range, which is 66,300 won.
d'Alba Global, known as the operator of the K-beauty brand d'Alba, famously referred to as the 'flight attendant mist,' generated over 300 billion won in sales last year. The recent strong stock performance of K-beauty corporations also served as a positive factor.
d'Alba Global stated, "We will leap to become a global super brand based on our brand's innovation and growth potential, even after going public."
Meanwhile, d'Alba Global is expected to go public on the Korea Securities Market (KOSPI) on the 22nd after completing its payment on the 14th of this month. The underwriter for the listing is Mirae Asset Securities.