Carriesoft, a company behind youtube channel Carrie and Toy Friends, has filed with the Financial Services Commission for an initial public offering to raise up to US$16.1 million.
The company’s IPO will be the first case of a “special listing on promising business model” which allows companies with growth potential but yet to be profitable to be listed on the tech-heavy Kosdaq market.
Carriesoft started as a toy review YouTube channel in 2014 and has garnered 1.2 million subscribers over 4 channels. It has expanded its business model to concerts, movies, character licensing, education and Carrie TV which broadcasts to OTT and cable TV. Its global channels air in English, Chinese, Vietnamese and Indonesian.