Saltlux, Public Subscription Competition Rate 953.53 to 1... "Subscription Deposits 1.8 Trillion Won"

[Asia Economy Reporter Hyunseok Yoo] Saltlux, an artificial intelligence (AI) and big data-based software company, announced on the 15th that the final subscription competition rate for its KOSDAQ listing reached 953.53 to 1.

Saltlux conducted a public subscription for general investors over two days on the 13th and 14th, recording a competition rate of 953.53 to 1, with general subscription deposits totaling approximately 1.7879 trillion KRW. Previously, the final public offering price was set at 25,000 KRW, a market-friendly price aimed at steady post-listing stock performance and active public offering, following a demand forecast conducted on the 7th and 8th with participation from 856 domestic and international institutions.

A Saltlux representative stated, "Among the institutions participating in the demand forecast, 73.4% either did not indicate a price or proposed the highest price within the public offering band, reflecting a high evaluation of Saltlux’s mid- to long-term business vision."

The Saltlux representative added, “We thank domestic and international investors who trusted and positively evaluated Saltlux’s differentiated technology and future growth potential throughout the IPO process leading up to this public subscription. We will do our best to enhance corporate value by accelerating the expansion of our AI-based global platform business with the KOSDAQ listing as a milestone.”

In fact, Saltlux provides four platforms and services based on core technologies such as ‘conversational AI’ and ‘big data augmented analytics,’ securing over 1,500 client companies. After listing, the company plans to grow further by building a global business platform, securing overseas business partners, and expanding the market through partnerships.

Lee Kyung-il, CEO of Saltlux, emphasized, “Saltlux will use the KOSDAQ listing as a stepping stone to leap higher and become a ‘global AI software company leading the 4th Industrial Revolution.’ We will formalize our business portfolio and realize stable and sustainable growth after listing to increase shareholder value.”

This content was produced with the assistance of AI translation services.