Is the most popular IPO Kucingko kitten applying for listing in July?

KucingKo Berhad is about to go public (IPO of a 2D animation studio), a company specializing in 2D animation production, will be listed on the main board of Malaysia.

IPO Details
Application Date: June 28
Deadline Date: July 12
Draw Date: July 16
Listing Date: July 26
Listing price: RM0.30
Market capitalization: 150M

Business Overview
KucingKo is mainly engaged in 2D animation production, assisting production companies in producing cartoons and anime. The company is a mid-range player in the animation industry, providing animation production services to brand companies. Although specific works cannot be disclosed, some works are aired on platforms like Cartoon Network. The company's main markets are in Europe and the USA, with 74% of the business in North America and 24% in Europe.

Financial condition
KucingKo's revenue has significantly increased over the past three years, from 15M in 2020 to 28M in 2023. Net income has also increased from 3.68M in 2020 to 8.36M in 2023, with an average annual growth rate of over 30%. The company has a low debt-to-asset ratio and a healthy financial condition. After listing, the company plans to distribute 40% of the profits as dividends to shareholders, which is attractive.

Use of funds raised from listing
The company plans to raise 30 million in funds, of which 17.7 million will be used to establish new production offices in East Malaysia (Sabah and Sarawak) and expand the team in Selangor. 4.38 million will be used to set up sales offices in the USA for easier customer contact and collaboration. 4.26 million will be used for operating funds, to pay employee salaries, market, and administrative expenses, and 3.6 million will be used for listing expenses.

Conclusion
The listing of KucingKo Berhad provides investors with the opportunity to participate in the 2D animation production industry. By conducting in-depth research and keeping track of market trends, investors can make wise investment decisions on their own. If you would like to learn more about KucingKo and its IPO, feel free to watch our video commentary. The video link is in the comments section.