Alchera, IPO Price Set at 10,000 Won... Scheduled to List on KOSDAQ on the 21st

Participation of 1,373 Institutions, Simple Competition Rate 1315.61 to 1... Successful Demand Forecast
Subscription from 10th to 11th, Scheduled to Enter KOSDAQ on 21st

[Asia Economy Reporter Eunmo Koo] AI video recognition specialist company ALCHERA has successfully completed its demand forecasting.

ALCHERA announced on the 8th that the demand forecast conducted over two days on the 3rd and 4th for domestic and international institutional investors confirmed the public offering price at the top of the desired band (8,000 KRW to 10,000 KRW), which is 10,000 KRW. Accordingly, ALCHERA's public offering amount was finalized at 20 billion KRW, and the market capitalization after listing is approximately 133.7 billion KRW based on the offering price. ALCHERA plans to hold subscription for general investors over two days on the 10th and 11th and list on KOSDAQ on the 21st.

A representative from Shin Young Securities, the lead manager of the listing, stated, “99.85% of participating institutions in the demand forecast offered prices at or above the top of the offering band, and major institutions showed high interest in ALCHERA’s sustainable growth potential by pledging lock-up agreements.”

An ALCHERA representative said, “While proceeding with the listing process, we made efforts to promote ALCHERA’s unique core technologies and the direct benefits from market expansion in the rapidly growing video recognition market. As a result, many investors gave positive evaluations regarding ALCHERA’s business competitiveness and future growth potential.”

ALCHERA is an AI video recognition specialist company. The facial recognition AI and anomaly detection AI technologies owned by ALCHERA have been recognized as the world’s best technologies in the global market. Recently, due to the non-face-to-face and contactless trends, AI video recognition technology is gaining attention in various industrial sectors, and ALCHERA is expected to benefit from this trend.

Kim Jung-bae, CEO of ALCHERA, said, “This KOSDAQ listing is expected to be a turning point for ALCHERA to leap higher. Based on overwhelming technological capabilities, we will become a global AI video recognition specialist company leading various industry trends.”

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