The leading company in electric vehicle rapid charging infrastructure (CPO), CHAEVI, is challenging to list on the KOSDAQ market.
According to the financial investment industry on the 22nd, CHAEVI submitted its preliminary listing application to the Korea Exchange KOSDAQ headquarters the previous day. The representative underwriters for the listing are KB Securities and Samsung Securities.
CHAEVI, founded in 2016 as a manufacturer specializing in electric vehicle chargers, has transformed into a charging infrastructure provider that handles installation, operation, and after-sales management of chargers.
In particular, CHAEVI has become the number one player in the electric vehicle rapid charging infrastructure market, securing more than half of the government's public rapid charging volume. It operates over 5,700 rapid chargers (based on charging ports) nationwide.
Last year, it recorded a revenue of 85.1 billion won and an operating loss of 27.6 billion won. Still in a state of not being profitable, CHAEVI opted for a listing under the special case of unrealized profits (Tesla requirements).
Meanwhile, it has been reported that the post-listing valuation aims for around 1 trillion won. Earlier, there were expectations that it might challenge the stock market, but it shifted its direction to listing on the KOSDAQ market.