Daily Beer Signs IPO Lead Underwriting Agreement with KB Securities for KOSDAQ Listing
2023
News 1
Author
생활맥주
Date
2023-02-02 11:01
Views
5
Daily Beer announced on February 2 that it has decided to pursue an initial public offering (IPO) to accelerate business growth and strengthen its competitiveness, and signed a lead underwriting agreement with KB Securities on January 30.
The signing ceremony took place at Daily Beer’s headquarters in Yeouido, Seoul. During the event, the two companies finalized the agreement and discussed practical matters, including the overall IPO strategy, detailed roadmap, and timeline for the planned KOSDAQ listing.
Daily Beer has been recognized for driving the popularization of Korea’s craft beer market by developing its proprietary craft beer platform in collaboration with more than 50 regional breweries across the country.
Its flagship brand, Daily Beer, has grown into Korea’s leading craft beer franchise since its launch in 2014, operating more than 200 stores nationwide and capturing approximately 30% of the domestic craft beer market.
The company also distinguishes itself by operating a number of directly managed stores that is approximately ten times higher than the industry average. This has enabled Daily Beer to establish a proven and stable profit model while building a highly specialized store operation and management system, further reinforcing its unique platform-based business model.
Lim Sang-jin, CEO of Daily Beer, said, “We are actively pursuing new growth strategies, including expanding our network of directly managed stores nationwide, strengthening our home market through delivery and meal kits, advancing our craft beer platform, and developing smart breweries powered by IT technologies. Through our partnership with KB Securities, we will do our utmost to achieve a successful IPO and take another significant step forward.”
Despite prolonged challenges in the food service industry during the COVID-19 pandemic, Daily Beer maintained stable and consistent growth by leveraging its strong directly managed store network while expanding into delivery services and the home meal kit market. As a result, the company successfully secured KRW 7 billion (approximately USD 5.3 million) in Series A funding in 2021, followed by more than doubling its revenue in 2022.
The signing ceremony took place at Daily Beer’s headquarters in Yeouido, Seoul. During the event, the two companies finalized the agreement and discussed practical matters, including the overall IPO strategy, detailed roadmap, and timeline for the planned KOSDAQ listing.
Daily Beer has been recognized for driving the popularization of Korea’s craft beer market by developing its proprietary craft beer platform in collaboration with more than 50 regional breweries across the country.
Its flagship brand, Daily Beer, has grown into Korea’s leading craft beer franchise since its launch in 2014, operating more than 200 stores nationwide and capturing approximately 30% of the domestic craft beer market.
The company also distinguishes itself by operating a number of directly managed stores that is approximately ten times higher than the industry average. This has enabled Daily Beer to establish a proven and stable profit model while building a highly specialized store operation and management system, further reinforcing its unique platform-based business model.
Lim Sang-jin, CEO of Daily Beer, said, “We are actively pursuing new growth strategies, including expanding our network of directly managed stores nationwide, strengthening our home market through delivery and meal kits, advancing our craft beer platform, and developing smart breweries powered by IT technologies. Through our partnership with KB Securities, we will do our utmost to achieve a successful IPO and take another significant step forward.”
Despite prolonged challenges in the food service industry during the COVID-19 pandemic, Daily Beer maintained stable and consistent growth by leveraging its strong directly managed store network while expanding into delivery services and the home meal kit market. As a result, the company successfully secured KRW 7 billion (approximately USD 5.3 million) in Series A funding in 2021, followed by more than doubling its revenue in 2022.