Dear U, a "private message"platform company where fans and artists communicate directly, has passed a preliminary screening for listing on KOSDAQ and has begun full-fledged IPO (public offering).
The listed company is Korea Investment & Securities. According to the financial investment industry on the 16th, Dear U, which was established in 2017, operates a fandom-based global fan messenger platform business.
Major services include "Dear U Bubble," a global fan messenger platform where artists and fans communicate, and " Everything," a smart karaoke application.
Dear U Bubble is growing rapidly with private messenger subscription services for artists and fans. Since its launch last year, it has secured more than 1.2 million subscribers and accounts for 70% of overseas sales.
It has signed contracts with 21 domestic entertainment companies, including SM Entertainment, JYP Entertainment, FNC Entertainment and JELLYFISH Entertainment, and is providing services with a total of 49 groups, solo artists and 202 artists.
The company's half-year earnings this year were 18.4 billion won in sales and 6.6 billion won in operating profit. Half-year sales exceeded last year's total sales (13 billion won). The operating profit ratio also reached 36%.
Reporter Lee Ji-sun firstname.lastname@example.org