Piece Piece Studio Co., Ltd., the operator of the K-fashion brand "Mardi Mercredi," has launched a bid to go public.
On the 22nd, the Korea Exchange (KRX) said Piece Piece Studio Co., Ltd. filed a preliminary listing review application with the KOSDAQ Market Headquarters on the 17th.
Piece Piece Studio Co., Ltd. rose to fame with the homegrown women's apparel brand Mardi Mercredi, introduced in 2018. The "flower graphic" gained popularity, quickly elevating it to a mass-market brand.
Last year, it posted 113.8 billion won in revenue and 28.2 billion won in operating profit. Net profit came to 17 billion won. This year's estimated revenue is 150 billion won.
Early last year, the company selected NH Investment & Securities and Mirae Asset Securities as lead underwriters, kicking its listing push into high gear. It was later reported to have completed capital structure adjustments, including a bonus issue and a stock split.
Its listing valuation is expected to be around 500 billion won. During a process early this year in which some early investors sold existing shares, transactions were reportedly made at a corporate value of around 300 billion won.
Meanwhile, according to the Korea Exchange (KRX), service-type robot specialist corporations Bigwave Robotics Corp. also filed a preliminary listing review application with the KOSDAQ Market Headquarters on the 16th.
Bigwave Robotics Corp. holds the robot automation platform "Marosol" and the integrated robot control "Sollink" as its main products. Eugene Investment & Securities is arranging the listing.