Adenasoft Completes Pre-IPO Investment Worth $33m
- The landmark deal put the valuation on Adenasoft at over $125m.
Adenasoft, a developer of FINTECH solutions, successfully completed a large-scale pre-IPO investment in Korea. The shares were sold by the majority shareholder’s existing holdings of 1.23 million shares for 39 billion KRW (33 million USD).
The deal put the valuation on the company at over 150 billion KRW (125 million USD). In other words, the deal completed at approximately KRW 29,000 per share. The company did not issue any more shares for funding as Adenasoft boasts steep growth in revenues and earnings.
It is for this reason why many of the well-known Korean securities firms, asset management companies, and venture capital firms flocked to participate in the pre-IPO deal. Adenasoft fit the bill for the investors chasing opportunities with clear exit plans and global exposure.
Seven companies participated in the pre-IPO investment including Atinum Investment, Korea Investment Partners, Premier Partners, Company K Partners, Time Folio Asset Management, Cornerstone Equity Partners, and Korea Investment & Securities.
It is estimated that each invested from 3 billion KRW to 10 billion KRW. According to Adenasoft spokesperson, the company opened its doors in August 2016 and has experienced tremendous growth ever since.
The company took advantage of the advancement in the global FinTech markets and earned the reputation as one of the pioneers in the industry.
In just three years, it has grown into a company worth well over hundred million USD in valuation. It is gearing up for an IPO in 2019 in the Korean stock market.
Adenasoft develops and distributes online operations, Customer Relationship Management (CRM) Customer Relationship Management (CRM) Customer Relationship Management (CRM) is a way for brokers to manage the firm’s contacts with existing and potential clients. The firm is using data available from the customer’s trading activity to determine an appropriate course of action when aiming to retain or onboard the customer.This technology is also an effective tool in managing a company's interaction with both current and potential clients. CRMs use data analysis regarding clients’ history with a company to improve business relation Customer Relationship Management (CRM) is a way for brokers to manage the firm’s contacts with existing and potential clients. The firm is using data available from the customer’s trading activity to determine an appropriate course of action when aiming to retain or onboard the customer.This technology is also an effective tool in managing a company's interaction with both current and potential clients. CRMs use data analysis regarding clients’ history with a company to improve business relation Read this Term), foreign exchange trading, cryptocurrency trading, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions that enable FinTech companies to seamlessly integrate IT and finance.
Clients are global financial institutions and most of the sales are reported to be from overseas. Investors are expecting Adenasoft to generate over 12 billion KRW (10 million USD) in sales with 8 billion KRW in profits. The company says it expects the growth rates to accelerate both for the sales and earnings.
For more information on Adenasoft, please visit: www.adenasoft.com or email: info@adenasoft.com.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
Adenasoft, a developer of FINTECH solutions, successfully completed a large-scale pre-IPO investment in Korea. The shares were sold by the majority shareholder’s existing holdings of 1.23 million shares for 39 billion KRW (33 million USD).
The deal put the valuation on the company at over 150 billion KRW (125 million USD). In other words, the deal completed at approximately KRW 29,000 per share. The company did not issue any more shares for funding as Adenasoft boasts steep growth in revenues and earnings.
It is for this reason why many of the well-known Korean securities firms, asset management companies, and venture capital firms flocked to participate in the pre-IPO deal. Adenasoft fit the bill for the investors chasing opportunities with clear exit plans and global exposure.
Seven companies participated in the pre-IPO investment including Atinum Investment, Korea Investment Partners, Premier Partners, Company K Partners, Time Folio Asset Management, Cornerstone Equity Partners, and Korea Investment & Securities.
It is estimated that each invested from 3 billion KRW to 10 billion KRW. According to Adenasoft spokesperson, the company opened its doors in August 2016 and has experienced tremendous growth ever since.
The company took advantage of the advancement in the global FinTech markets and earned the reputation as one of the pioneers in the industry.
In just three years, it has grown into a company worth well over hundred million USD in valuation. It is gearing up for an IPO in 2019 in the Korean stock market.
Adenasoft develops and distributes online operations, Customer Relationship Management (CRM) Customer Relationship Management (CRM) Customer Relationship Management (CRM) is a way for brokers to manage the firm’s contacts with existing and potential clients. The firm is using data available from the customer’s trading activity to determine an appropriate course of action when aiming to retain or onboard the customer.This technology is also an effective tool in managing a company's interaction with both current and potential clients. CRMs use data analysis regarding clients’ history with a company to improve business relation Customer Relationship Management (CRM) is a way for brokers to manage the firm’s contacts with existing and potential clients. The firm is using data available from the customer’s trading activity to determine an appropriate course of action when aiming to retain or onboard the customer.This technology is also an effective tool in managing a company's interaction with both current and potential clients. CRMs use data analysis regarding clients’ history with a company to improve business relation Read this Term), foreign exchange trading, cryptocurrency trading, and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions that enable FinTech companies to seamlessly integrate IT and finance.
Clients are global financial institutions and most of the sales are reported to be from overseas. Investors are expecting Adenasoft to generate over 12 billion KRW (10 million USD) in sales with 8 billion KRW in profits. The company says it expects the growth rates to accelerate both for the sales and earnings.
For more information on Adenasoft, please visit: www.adenasoft.com or email: info@adenasoft.com.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.