Theborn Korea (Ticker: 951070.KS) is a South Korean restaurant franchise, founded by celebrity chef Paik Jong-won. The company operates around 2,900 outlets across 25 brands, including New Maul Restaurant, Hong Kong Banjum, and Paik’s Coffee, offering diverse and affordable dining options.

Theborn Korea will list on KOSPI on November 6, 2024, with an IPO managed by Korea Investment & Securities and NH Investment & Securities. The offering raised approximately $73.45 million, valuing the company at 492 billion won ($354 million). Shares were priced at 34,000 won, above the initial range of 23,000 to 28,000 won per share. Proceeds will be used for menu development, brand expansion, and mergers and acquisitions. Chef Paik will retain about a 61% stake post-IPO.