(Seoul=Yonhap Infomax) Yong Bi Yang – MyRealTrip, operator of a leading travel super app, has formed its IPO underwriting syndicate and officially commenced preparations for its initial public offering (IPO).


On the 25th, MyRealTrip announced that it has selected Mirae Asset Securities Co. as lead underwriter and Samsung Securities Co. as joint underwriter for its planned IPO. With the appointment of its underwriters, MyRealTrip is aiming to become the first online travel agency (OTA) platform in South Korea to go public, accelerating its IPO process.


Founded in 2012, MyRealTrip has pursued the vision of "seamless travel experiences," offering one-stop services across all stages of travel, including flights, accommodation, tours, and activities. The platform currently boasts a cumulative membership of 10 million and 5 million monthly active users (MAU).


Based on robust performance this year, MyRealTrip projects its annual gross transaction value to reach approximately 2.3 trillion won ($1.73 billion), representing about 45% growth year-on-year. Correspondingly, annual revenue is expected to surpass 110 billion won ($82.7 million) in 2024.


Lee Dong-geon, CEO of MyRealTrip, stated, "With the selection of our lead and joint underwriters, we will systematically prepare for the IPO. Leveraging our technological capabilities and service competitiveness, we aim to strengthen our position in both domestic and global travel markets and pursue sustainable growth."


ybyang@yna.co.kr

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