On the 18th, the representative fashion platform Musinsa sent a request for proposal (RFP) to domestic and foreign securities firms to select underwriters for its listing. This is interpreted as a sign that it has officially begun preparations for its initial public offering (IPO).
Musinsa stated that it plans to review its IPO with the aim of establishing a foundation for sustainable growth and noted that it has sent RFPs related to the selection of underwriters for the IPO to multiple securities firms.
Musinsa is expected to select underwriters after reviewing proposals from securities firms and conducting an internal evaluation. The company is considering various options, including listing on overseas markets. Once the underwriters are selected, it is expected to push ahead with the listing.
Earlier, Musinsa CEO Park Jun-mo announced the expansion of overseas business during the '2025 Musinsa Global Partners Day' held in June, saying, 'We view the IPO as one of the important investment methods for global expansion.' He stated that they intend to raise the expense for building overseas logistics infrastructure through the IPO.
Last year, Musinsa's revenue was 1.2427 trillion won, a 25.1% increase from the previous year. During the same period, its operating profit was 102.8 billion won, marking a return to profitability within a year. The annual transaction volume was approximately 4.5 trillion won.
In the first quarter of this year, revenue and operating profit stood at 292.9 billion won and 17.6 billion won, respectively. Compared to the same period last year, revenue increased by 12.6%, while operating profit rose by 24%.