Shares of Polled, a company specializing in baby products and hygiene items, experienced a remarkable 300% increase on their first day of trading on the KOSDAQ.
According to the Korea Exchange, as of 10:04 a.m. on May 14, Polled's stock was trading at 20,000 won, up 15,000 won from the initial public offering price of 5,000 won.
Polled originated as an internal venture of Hyundai Motor Company and was established as a separate entity in 2019. The company has rapidly grown, focusing on premium baby electronics and living products, including its AIRLUV ventilation and heating sheets, as well as brands like Pixel, Franklin, Yufang, and Baby Brezza.
Notably, AIRLUV has gained significant recognition both domestically and internationally, surpassing cumulative sales of 1 million units and establishing itself as a leading export brand in the K-baby product sector.
Additionally, Polled's key product lines, including Pixel, Yufang, and Baby Brezza, have seen a steady increase in overseas sales due to growing global demand.
Polled recorded a high subscription rate of 3,169.86 to 1 during the public offering for individual investors held from May 4 to 6, attracting approximately 5.2 trillion won in subscription deposits. Institutional investors also showed strong interest, with 2,372 institutions participating and a competition ratio of about 1,486.66 to 1.
The offering price was set at 5,000 won, raising a total of 13 billion won, with NH Investment & Securities acting as the listing underwriter. For the previous year, Polled reported consolidated revenues of 79.933 billion won and an operating profit of 10.425 billion won.
The company plans to utilize the funds raised from the IPO for research and development (R&D) operations and strategic investments to strengthen its long-term growth foundation, including the establishment of logistics centers.
* This article has been translated by AI.
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