[This Week's IPO] April Second Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the second week of this month (April), FourByFour will conduct a demand forecast targeting institutional investors.

◆FourByFour= Established in 2017, FourByFour is a company that produces ultra-high-definition video content centered on its independently developed image quality enhancement solution, 'PIXELL.' PIXELL is a technology that upgrades existing videos to ultra-high definition by deep learning the image quality enhancement process through artificial intelligence (AI). Based on this, FourByFour has secured numerous clients including LG Display and Samsung Electronics, and recently has been expanding its business into various fields such as entertainment and game content.

The total number of shares offered is 1,774,967, with a desired offering price range of 11,000 to 14,000 KRW per share, and a total offering amount of 19.5 billion to 24.8 billion KRW. The offering price will be finalized through institutional demand forecasting from the 14th to the 15th, followed by a general subscription over two days on the 19th and 20th of the same month. The lead underwriter is Mirae Asset Securities.

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