MEGAZONE CLOUD
Founded Year
1998Stage
Series C - II | AliveTotal Raised
$660.35MValuation
$0000Last Raised
$343M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-39 points in the past 30 days
About MEGAZONE CLOUD
MEGAZONE CLOUD is a cloud brokerage service company specializing in cloud computing and Amazon Web Services. The company offers a range of services including cloud consulting, implementation, enterprise support, management, cost optimization, billing, managed security, and ISMS certification consulting. MEGAZONE CLOUD develops its own cloud solutions to enhance operational efficiency and provides integrated cloud environments in partnership with global cloud solution providers. It was founded in 1998 and is based in Seoul, South Korea.
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Expert Collections containing MEGAZONE CLOUD
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
MEGAZONE CLOUD is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Latest MEGAZONE CLOUD News
Jul 16, 2024
BoA Accelerating Expansion into South Korean IPO Market with New Hires Print Editor Yoon Young-sil 닫기 Bank of America (BoA) has been demonstrating its presence in the South Korean initial public offering (IPO) market since the beginning of this year. After signing an underwriting agreement with K Bank in February, BoA has also secured a joint lead manager position for Megazone Cloud's IPO, which is valued at 6 trillion won (approximately $4.33 billion), this month. According to the investment banking (IB) industry on July 15, BoA has signed three underwriting agreements for IPOs worth trillions of won this year. The IPOs include K Bank, with an expected market capitalization of 4 to 5 trillion won, DN Solutions valued at 4 trillion won, and Megazone Cloud valued at 6 trillion won. BoA is set to participate as a co-lead underwriter for the IPOs of DN Solutions and Megazone Cloud. Large IPO companies typically enter into underwriting agreements with both domestic and foreign securities firms. This is because the large volume of issued shares necessitates selling a portion to foreign investors. In this process, foreign securities firms act as intermediaries between the issuing company and overseas investment institutions such as asset management firms. Among foreign securities firms operating in South Korea, JP Morgan and Citigroup Global Markets Korea Securities Limited have secured the most IPO underwriting contracts. Until last year, BoA had not signed any underwriting agreements. BoA has started to focus heavily on underwriting domestic IPOs since early this year. K Bank provided the initial foothold for BoA's entry into the South Korean IPO market. In 2022, K Bank had entered into underwriting agreements with NH Investment & Securities, JP Morgan, and Citigroup Global Markets Korea Securities Limited to pursue a listing on the Korea Exchange. However, K Bank reevaluated its underwriters after Choi Woo-hyung was appointed as the new CEO last year, and BoA secured a position as one of the foreign underwriters. Leveraging its role as the lead underwriter for K Bank, BoA has been expanding its influence by securing “tens of billions” worth of IPO underwriting contracts such as DN Solutions and Megazone Cloud. To bolster its capabilities, BoA has been recruiting personnel, including junior-level IPO professionals from Korea Investment & Securities earlier this year. This move is driven by the recognition that enhancing its team with experienced professionals is crucial, given its lack of experience in underwriting domestic IPOs.
MEGAZONE CLOUD Frequently Asked Questions (FAQ)
When was MEGAZONE CLOUD founded?
MEGAZONE CLOUD was founded in 1998.
Where is MEGAZONE CLOUD's headquarters?
MEGAZONE CLOUD's headquarters is located at Megazone Building, Seoul.
What is MEGAZONE CLOUD's latest funding round?
MEGAZONE CLOUD's latest funding round is Series C - II.
How much did MEGAZONE CLOUD raise?
MEGAZONE CLOUD raised a total of $660.35M.
Who are the investors of MEGAZONE CLOUD?
Investors of MEGAZONE CLOUD include IMM Private Equity, MBK Partners, KT Corporation, Salesforce Ventures, NAU IB Capital and 19 more.
Who are MEGAZONE CLOUD's competitors?
Competitors of MEGAZONE CLOUD include Pax8 and 7 more.
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