Fado Targeting Market Cap of 1.5 Trillion Won, Bookbuilding on 24-25

FADU, considered a major player in this year's initial public offering (IPO) market, is set to officially enter the KOSDAQ market. Based on the recent IPO market trends, its market capitalization is expected to exceed 1 trillion KRW at the offering price.

FADU, a semiconductor design company specializing in data centers, held a press conference in Yeouido, Seoul on the 24th ahead of its IPO.

Jihyo Lee, CEO of FADU, introduced the company's core competencies and future vision.

Founded in June 2015, FADU is a unicorn company recognized as the first fabless company in Korea to achieve a corporate value exceeding 1 trillion KRW. FADU's main product is the next-generation solid-state drive (SSD) controller for data centers.

As artificial intelligence (AI) technology advances, data is increasing explosively. With growing investment in data centers, they are emerging as a core sector in the semiconductor market. Demand for semiconductors used in data centers is rising. As the number of semiconductors used in data centers increases, low power consumption and low heat generation technologies are gaining attention.

FADU's next-generation SSD controller for data centers has achieved world-class levels in low power consumption, low heat generation, and reliability. FADU has proven its competitiveness by supplying controller products to global IT companies.

FADU is conducting full-scale research in all areas, including power semiconductors, communication semiconductors, computing semiconductors, and memory storage. Power semiconductors have reached the prototype stage. They are also developing CXL-related semiconductors, a next-generation standard to overcome memory limitations in ultra-large AI models, network semiconductors for effective data traffic processing, as well as various computing semiconductor development projects.

FADU aims to become a ‘global comprehensive fabless company for data centers.’ The funds raised through the listing will be used as operating capital for mass production starting next year.

NH Investment & Securities and Korea Investment & Securities are serving as joint lead managers. In the IPO, FADU will issue 6.25 million new shares. The offering price will be finalized through a book-building process over two days from the 24th to the 25th. The expected price range per share is 26,000 to 31,000 KRW. The scheduled listing date is the 7th of next month, and the expected market capitalization after listing is approximately 1.2495 trillion to 1.4897 trillion KRW.

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