Poled, an infant car seat company that started as an in-house venture at Hyundai Motor, is seeking a KOSDAQ listing.
On the 1st, according to the Korea Exchange (KRX), Poled filed for a preliminary review for listing with the KOSDAQ Market Division of the Korea Exchange (KRX) on the 26th. The lead manager is NH Investment & Securities.
Poled was founded in 2016 as an in-house venture at Hyundai Motor and developed the "Airluv," a ventilated seat for infants, in 2018. It was then spun off from Hyundai Motor in 2019 and launched as a new corporation.
Poled's strengths are its diverse product lineup and relatively solid financial structure. In addition to infant car seats, it sells bottle sterilizers and bidets for infants, and as of the third quarter, its cumulative sales this year reached 61.8 billion won and operating profit came to 9.3 billion won. It has already surpassed last year's full-year sales of 52.9 billion won and operating profit of 6.2 billion won.
Last week, along with Poled, MADUP, Mooas, and SK SPAC filed for preliminary listing reviews with the Korea Exchange (KRX). Mooas and SK SPAC are preparing to list via mergers with SPACs, while MADUP is pursuing a Tesla listing.