Goodai Global filed for a preliminary IPO on the main South Korea KOSPI market on Friday morning, bringing its Beauty of Joseon and SKIN1004 brands toward the public exchange.
The listing follows a year in which the cosmetics firm generated 456.5 billion won ($342.5M) in revenue and 139.6 billion won ($104.7M) in operating profit. Founder and co-chief executive Cheun Ju-hyuk and six other shareholders control 80.54% of the company, according to exchange filings.
