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)), foreign exchange trading, cryptocurrency trading, and Risk Management 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.
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)), foreign exchange trading, cryptocurrency trading, and Risk Management 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.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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