SOS Lab, IPO Price Set at 11,500 KRW

LiDAR development company SOS Lab announced on the 12th that it has finalized the public offering price at 11,500 KRW following a demand forecast targeting institutional investors. This exceeds the upper limit of the expected price range of 7,500 to 9,000 KRW.

The demand forecast, conducted over five trading days from the 3rd to the 10th, saw participation from 2,216 domestic and international institutions, recording a competition rate of 1,072.3 to 1. The total public offering amount is 23 billion KRW, and the market capitalization after listing is 201.6 billion KRW. Approximately 98.15% of the participating institutions offered prices exceeding the upper limit of the expected range, at 11,500 KRW or higher.

A representative from Korea Investment & Securities, which underwrote the listing, said, "Many institutional investors met during the investor relations (IR) period highly evaluated SOS Lab's differentiated LiDAR technology and future growth potential," adding, "It seems this led to the favorable results of the demand forecast."

SOS Lab developed ‘ML’ based on technology that removes motors and mirrors from conventional LiDAR and directly designs key LiDAR components. Recognized for the technological excellence of this product, the company has secured clients across various industries.

Jisung Jeong, CEO of SOS Lab, stated, "Even after listing, we plan to be recognized for our technological capabilities and competitiveness in the global market through continuous research and development achievements and securing domestic and international clients."

SOS Lab will conduct a general subscription from the 14th to the 17th and will be listed on the KOSDAQ market on the 25th.

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