SOS Lab Selected Korea Investment & Securities as Lead Manager for KOSDAQ Listing

[Asia Economy Reporter Hyungsoo Park] SOS Lab announced on the 14th that it has selected Korea Investment & Securities as the lead underwriter for its listing and Yuanta Securities as the joint underwriter.

Founded in 2016, SOS Lab is a startup developing LiDAR, a core sensor for autonomous driving. After selecting underwriters, it is now proceeding with the full-scale initial public offering (IPO) process. The company aims for a KOSDAQ technology special listing in the second half of next year.

SOS Lab developed and introduced the high-resolution 3D LiDAR ‘ML’ and won the Innovation Award at CES 2021. It was also recognized for product excellence by domestic and international institutions, including being selected as a Gartner Cool Vendor in 2021.

In August last year, SOS Lab succeeded in developing a 2D LiDAR sensor for semiconductor wafer transfer equipment (OHT) in collaboration with the Korea Institute of Machinery and Materials. In January at CES 2022, it attracted attention by showcasing an experiential game using LiDAR. Through this, it demonstrated not only its LiDAR hardware development and production capabilities but also its competencies as a solutions company.

Jiseong Jeong, CEO of SOS Lab, said, "The potential of LiDAR is limitless," adding, "It can be applied to various markets such as smart factories, smart cities, and smart mobility." He continued, "The LiDAR technology has been developed, and now we are proceeding with the productization process in terms of commercialization, including price, quality, and certification," and added, "The KOSDAQ market listing is planned as an investment stage for entering a larger market."

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