[APR Corp.] Attracted Pre-IPO with a corporate worth of 700 bn KRW (ENG)

‘Positioned as the global beauty-tech leader’APR Corp.

APR Corp. has successfully attracted Pre-IPO with a corporate worth of 700 bn KRW

• APR Corp. successfully attracted pre-IPO with investment amounts of 8 bn KRW.

• Recognized worth reaches 700 bn KRW…positively evaluate the potential value of the company’s business performance in the domestic/overseas markets of beauty devices and the possibility of further development.

• Expand the corporate’s overall capability and make an aggressive investment in its beauty device business through retained investment.

  
  

APR Corp., the global beauty-tech company from South Korea, revealed the plan to expand its beauty device business capability based on pre-IPO, which has successfully attracted 8 bn KRW amounts via pre-IPO with a corporate worth of 700 bn KRW.

On Mar 13th, APR Corp. posted its attraction of 8 bn KRW amounts pre-IPO investment to the Korea Financial Supervisory Services’ Data Analysis, Retrieval and Transfer System (DART). For this pre-IPO investment, NH (NongHyup)-Soo Investment Capital Innovation Growth M&A Investment Association, SJ Partners, which have made several investment cases on innovative corporations, and Industrial Bank of Korea (IBK) have participated.

APR Corp. has been known for its famous brands, such as ▲medicube ▲AGE-R beauty device ▲Forment ▲Aprilskin ▲whoisNERDY, and ▲Glam.D Bio. Among the brands, AGE-R, the At-Home Beauty device brand launched back in 2021, gained much attention due to its rapid growth and following presence. The listed AGE-R’s beauty device, including ▲AGE-R Derma EMS ▲AGE-R Ussera ▲AGE-R Air, and ▲AGE-R Booster-H, makes incredible business success last 2 years while exceeding 700,000 accumulated sales, 150 bn KRW accumulated revenue until Feb 2023.

On the back of successful investment attraction, it is known that investors forecast the future of APR Corp. positively since the company’s business operation overseas is assumed to be grown much more. Currently, APR Corps. sell the beauty device not only in Korea, but also in the United States, Japan, China (Mainland), Hongkong (China), and Singapore. According to APR Corp., around 200,000 units are sold overseas in a year. In addition, the expected sales number would be dramatically increased if exporting to the markets of South America and Europe are opened.

The corporation’s development capacity for innovative technology would be another factor in raising the corporate worth of APR Corp. Back in January, APR Corp. opened ‘ADC’ (APR Device Center), which is specialized in beauty device research. ADC continuously puts its best effort into research and development and maintains 30 patents so far. Besides, APR Corps. conducts various research such as developing cosmetic products expecting synergy with the beauty device, operating the clinical trial center, and programming the mobile application. Considering the R&D technical skills, investors also estimate the possibility of further growth ratio of APR Corp. would be very high.

Through the retained investment via pre-IPO, APR Corp. will make an aggressive investment in the business of beauty devices and expand its business capability. Especially, APR Corps will organize and internalize the ‘Vertical process structure’ which starts from planning, researching, and development to manufacturing and distribution of a beauty device. By doing so, APR Corp. would be able to build a more stable and innovative product supply structure for customers.

A representative of APR Corp. mentions, “the investment via pre-IPO would make APR Corp. a more incomparable company than others in the industry of beauty devices, especially the perspective of innovation and product supply capability.” Added, “the company will do its best to prove its worth more than thousands of billion KRW, beyond the 700 bn KRW.”

APR Corp. recently prepares to be listed on the Korean stock market. The company targets Q3 of 2023 as its submission period of undergoing screening in preparation for going public. As the lead underwriter for the IPO, APR Corp. appointed Shinhan Securities Co., Ltd., back in Nov. last year.

APR Corporation's Brands

1. 에이프릴스킨 -http://www.aprilskin.net

2. 메디큐브 -http://www.themedicube.co.kr

3. 글램디 -http://glamd.co.kr

4. 포맨트 -http://www.theforment.com

5. 널디 - http://whoisnerdy.com/

6. 포토그레이 - photogray-oreazin.com