Posted 2/27/2024, 10:00:08 AM
South Korean Beauty Tech Firm APR Valued at $1.8 Billion in IPO Debut
- Shares of South Korean beauty device maker APR rose 27% in its IPO debut, valuing the company at $1.8 billion
- APR raised $71M in its IPO to expand production, fund overseas marketing, and R&D
- APR best known for its Medicube Age-R brand products like electrical stimulation devices
- Beauty devices made up 82% of APR's $280M revenues in the first 3 quarters of 2022
- APR credits its tech innovations, new product pipeline, and growing at-home beauty device market for its success