Aromatica, a cosmetics corporations seeking to list on the KOSDAQ market, also succeeded in its retail subscription.
On Feb. 19, Aromatica said that the final competition rate came to 2,865.17 to 1 after it took subscriptions for the public offering from retail investors from the 18th to that day.
It was the highest rate among retail subscriptions for public offerings conducted this year, with subscriptions received for more than 2,148.88 million shares in total. The subscription deposit was tallied at 8.5955 trillion won.
Aromatica is a cosmetics corporations that operates the vegan beauty brand Aromatica and was founded in 2001. Its main products include shampoo and feminine cleanser, and it posted 52.6 billion won in sales and 5.6 billion won in operating profit last year.
Aromatica earlier also succeeded in demand forecasting for institutional investors. On a quantity basis, 99.95% (including those that did not present a price) offered a price at or above the top end (8,000 won) of the desired offering price range.
In this listing, the company is offering a total of 3 million shares at 8,000 won per share. The offering amount is 24 billion won, and the market capitalization after listing is estimated at 101.7 billion won.
Shinhan Investment & Securities, the lead underwriter, said, "This subscription rate for Aromatica is the highest among retail public offering subscriptions in 2025, and in the earlier demand forecast, the proportion with a lockup commitment exceeded 58%."
Aromatica plans to use the IPO proceeds to accelerate entry mainly into large U.S. and European channels. It also plans to strengthen global marketing.
Kim Young-gyun, CEO of Aromatica, said, "Even after the listing, we will share Aromatica's philosophy with more consumers in the global market and deliver 'safe and healthy beauty' around the world."
Meanwhile, Aromatica will list on the KOSDAQ market on the 27th after payment on the 21st.