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

[Asia Economy Reporter Jang Hyowon] In the third week of this month (April), FourByFour will conduct a public offering subscription for general investors.

◆FourByFour= The general subscription is scheduled to take place over two days, from the 19th to the 20th. Institutional investor demand forecasting was conducted until the 15th, but the results have not yet been announced. 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 the total offering amount is between 19.5 billion and 24.8 billion KRW. The underwriter is Mirae Asset Securities.

Founded 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.

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