Omniscient Investment Point - Chapter 238



Only Noblemtl

238. Unicorns – 2

(1)

The reason Eco & F is highly rated is because it has diverse energy-related source technologies.

Anyway, I didn’t need to keep this good news to myself, so I texted him right away.

– Where are you?

– This is CEO Seunghoon’s office.

– Let’s see. I’ll go.

– Huh? Then, do you want to have lunch together? I’ll buy it.

– Good.

A stingy guy buys food for rich people, including me.

This means that something good is going to happen to me.

So a while later, I met two people at a restaurant.

“Sir, we are looking into listing our company on NASDAQ.”

“what?”

I looked at Seunghoon Oh in surprise.

Then the guy nods and acknowledges Do Chan-gyu’s declaration.

‘hmm…….’

But I think I have no choice but to support Do Chan-gyu’s dream.

That’s because the ‘±100’ in my right eye suddenly blinked as I looked at the guy.

I was confused at first.

Originally, both Do Chan-gyu and Oh Seung-hoon were ‘±100’, but I knew that only the latter blinked, not the former.

But now it was clear that both of them were blinking.

“Well, I guess there’s nothing I can do.”

“What is your answer?”

“That’s right. What kind of answer is that? You have to cheer me on.”

“That’s… I’ve been feeling some unspoken pressure lately.”

“Unspoken pressure?”

“why?”

“Why, you listed Dr. Carty on NASDAQ. That created two pressures. First, the government. The goal of this government is to support our stock market. That’s why they asked us to list on KOSPI or KOSDAQ instead of NASDAQ.”

“ah…….”

“Wow… you even make that kind of request?”

“Well, you can ignore it, but I’m concerned. I know someone in a high-ranking government position, dammit.”

In fact, Song Jae-hwan gave a subtle hint.

So, the companies I invested in tried to do IPOs domestically if possible.

“But if someone hears that Echo & F is pushing for another NASDAQ listing, they’ll probably call again.”

“haha…….”

“I didn’t know that would happen. But the other one… … ?”

“These are the places I invest in. Honestly, where would not want to be listed on NASDAQ?”

“Yes. Because you can raise a large amount of money at once.”

“Yes, that’s why I’m looking at NASDAQ.”

“Yeah, I know.”

Honestly, as soon as Do Chan-gyu mentioned listing on NASDAQ, I couldn’t help but think of Han Ki-jun.

He also mentioned NASDAQ because I convinced him to go with the domestic market.

“If people hear about Echo & F’s push for a NASDAQ listing, they’ll all be pestering me to list on NASDAQ again.”

“oh my…….”

“I’m sorry about this. What should I do?”

“You’re not going to change your plans just because you’re sorry, are you?”

“yes.”

“Yes, that’s right.”

They both answered at the same time, so I chuckled.

“Well, that’s why I said there’s no choice, I don’t think Echo & F will be unable to go to NASDAQ.”

“Huh? Really?”

“Really?”

“Yeah, Echo & F are competitive enough.”

In fact, Echo & F, which has quite a bit of original technology, was a startup that could be recognized even by NASDAQ.

I don’t know about anything else, but hydrogen technology alone makes us a rare place in the world.

‘The problem is the standard.’

If the guy hears Chan-gyu’s story, he’ll definitely contact me…

As expected, that evening, a text message came to Han Ki-jun.

– Sir, can I meet you tomorrow?

I had no choice but to reply with a text message.

“phew…….”

I guess I’ll have to meet Han Ki-jun tomorrow and squeeze out one carrot.

(2)

The next day, the guy who came to see me in the morning blurted out something that was not at all what I expected.

“I heard that Echo & F are pushing for a NASDAQ listing?”

“That’s what happened.”

“hmm…….”

“So, how about Neo Open listing in Japan?”

“uh?”

As if unexpectedly, the guy opened his eyes wide and looked at me.

“Is this Japan?”

“Yeah. Maybe it’s easier to get funding in Japan. It’s basically an AI wasteland there.”

“Yeah, that’s right. Haha… … .”

It wasn’t actually a wasteland.

But it is true that we are lagging behind the United States, China, and Korea.

No, it was also evaluated as being inferior to Europe.

That is why, if Neo Open were to pursue a listing on Japan’s Nikkei, it could attract attention all at once.

“But does the headquarters have to be in Japan?”

“Yes. The model is called Nexton. You know?”

“Yes, I know. A game company.”

Nexten, one of Korea’s top three gaming companies, is listed in Japan.

Although the company raised a considerable amount of funds at the time of its listing, it did not necessarily use that money to engage in active management activities in Japan.

For this reason, we established a company called Nexton Korea and listed it on KOSDAQ.

“So, if we do well, we can even aim for simultaneous listings in Korea and Japan.”

“and…….”

“Isn’t it good?”

“Yes, it seems okay.”

“Okay. Then, let’s give it a try in that direction.”

Han Ki-jun nods his head to what I say.

He leaves the office looking so much brighter than when he came.

“It’s so nice when a pretty boy smiles.”

“Do you have a girlfriend?”

“If not, I want to get married right away.”

“Hey, if you want to do it, can you do it?”

“That’s right. The CEO of a successful startup would certainly accept your proposal.”

The female employees were in an uproar.

‘My son is handsome… … .’

Yeah, with that pretty boy look, you can raise a lot of money from Japan.

Let me earn some money too.

(3)

I didn’t bother to waste time.

I told him to immediately inform Kwak Hyun-woo about the two listings.

『Echo & F to pursue NASDAQ listing!』

『Neo Open, Aiming for Listing on Japan’s Nikkei!』

The content stated that the two places were companies that received investments from our JTS Partners.

Here it says that Echo & F are already classified as unicorn startups.

‘If this happens, it will be the shortest period of time to achieve unicorn status.’

The shortest-lived unicorn that I’ve ever joked about with the guys, Echo and F have finally gotten to film it first.

But, perhaps because they didn’t want to lose this fight, a few days later Neo Open entered the innovation race again.

『Neo Open, in collaboration with Yoo Sung Electronics, develops generative AI for on-device smartphones!』

Generative AI refers to artificial intelligence technology that produces results according to user requests.

In fact, Yoo Sung Electronics had been dreaming of becoming a global game changer with its on-device smartphone.

However, Neo Open has been recognized for its technological prowess to the extent that it can play a part in that…

‘This is going to work out better than I thought?’

But then I got a call from Song Jae-hwan again.

“hello?”

– Hey, aren’t you going too far?

“why?”

– Are you asking because you don’t know? I asked them to list some good companies on KOSPI, but they smuggled two unicorns overseas.

“omg…….”

It was absurd.

How dare you treat me like some kind of criminal who violated foreign exchange laws.

“Is it okay for those in power to interfere in corporate management like this? Sure, they’re going to expose it to the media.”

– Hey… , this!

“Just kidding, kidding. But honestly, I didn’t mean to steer clear of it. The two of them were just so determined.”

– Still, that’s true. Honestly, I think the unicorn is such a waste.

“Oh, I understand. Instead, I will actively grow another unicorn and then try to list it domestically. And anyway, I will list one sooner or later. The Sol Fashion I mentioned back then. I am slowly preparing for it.”

– Please, okay? Let me shout at the President too.

“Yes, yes, please bear with me for a moment. Oh, I’m busy, I’ll contact you later.”

After saying that, I hung up the phone.

Honestly, there was nothing urgent, but I didn’t want to listen to this guy’s whining any longer.

‘Well, I made a promise… ‘

Still, to speed up the listing of Sol Fashion that I had mentioned to Song Jae-hwan, I contacted Lee Tae-soo.

“By any chance, how is the Sol Fashion listing going?”

– Yes, it’s fine. I’ve already checked most of the financial statements. The audit report has also been released, so I think there will be no problems with the listing process.

“Then, please hurry up. If you need more manpower, you can borrow from our company or Angel.”

– Yes, haha… … . If necessary, I will contact you.

There are quite a few certified public accountants at both JTS Partners and Angel.

So, it was a consideration to be able to withdraw it at any time.

‘You’re not really going to ask for help, are you?’

In reality, that couldn’t be the case.

This is because the capabilities of the head of a securities firm that JTS acquired not long ago are being undervalued.

As expected, a few days later, I received a call from Taesu Lee.

– I plan to apply for preliminary listing review tomorrow.

“Wow, so quickly?”

– Yeah, I sped it up a bit. Hahaha.

The process a company goes through to go public is the preliminary listing review.

If this passes, an IPO could likely take place within a few months.

Above all, I was able to shout at Song Jae-hwan.

‘Okay, let’s do it, do it.’

Since he is the one in power, if you please him a bit, he will activate the domestic market more.

(4)

The next day.

『Soul Fashion, Submission of Preliminary Examination Application for Listing』

Finally, a piece of news broke.

And people’s interest grew rapidly.

– Sol Fashion is coming out as a public offering stock.

– Wow, finally… … .

– But the ransom is in the tens of billions? Isn’t that too much of a bubble?

– Right. It’s not even a unicorn, and isn’t a fashion company asking for a 100 billion won public offering a bit excessive?

– Absolutely not.

I’ve been reading through the stock community posts, and the expert level has finally emerged.

– It seems like Sol Fashion will easily achieve 200 billion won in sales and 100 billion won in operating profit this year. And the operating profit margin is a whopping 50%. Since PER generally follows the operating profit margin, it is safe to assume that it is 50 times. Then, since it is 50 times 100 billion won, the market cap is up to 5 trillion won.

Because I had the same thought, I nodded without realizing it.

Of course, there were quite a few people who agreed and those who disagreed.

The former even went so far as to claim that Sol Fashion was a unicorn.

– Honestly, what is the concept of a unicorn? It’s an unlisted company with a value of over 1 trillion won. Is it necessarily an IT, renewable energy, or secondary battery startup?

I hit my knee too!

“That’s right! Is it really necessary to be in that industry?”

In fact, Sol Fashion is not just a fashion company, but a luxury fashion company that aims for Korean-style luxury goods.

Now that we are starting to expand globally, sales and profits can increase exponentially… … .

“Hyunwoo, Director Kwak!”

So I called Kwak Hyun-woo again and started playing with the media.

『Soul Fashion is the real unicorn!』

If people don’t believe me, I guess I’ll have to resort to some collective gaslighting.