Delicious·Pigsty, challenging for NASDAQ listing... Looking forward to capital raising and improved profitability

The Korea Exchange Kosdaq Market Headquarters accepted the preliminary review application for listing from Delicious and PGT on March 3rd. Both companies are relying on growth potential and are attempting to enter the Kosdaq Market.

Delicious is a retailer that does not operate physical stores, focusing its business on a fashion B2B platform. In 2024, its sales are projected to reach 25.149 billion KRW, but it also reports an operating loss of 5.077 billion KRW, indicating a need to improve profitability.

PGT is a company specializing in the manufacturing of primary and secondary batteries. Particularly in the field of secondary battery electrolyte materials, which is considered a future industry, its sales in 2024 are expected to be 46.568 billion KRW, with an operating loss of 4.399 billion KRW. Therefore, more systematic cost management and profit enhancement are necessary.

The preliminary review process for listing is led by Korea Investment & Securities. If both companies successfully list on the Kosdaq Market, it could serve as an opportunity to achieve the “two birds with one stone” goal of raising funds and strengthening profitability. In the long term, these companies expanding into new markets are expected to inject new vitality into the entire industry.