SimPlatform Submits Securities Registration Statement... "Pursuing KOSDAQ Listing in March"

Simple Platform, an AI-based data solutions specialist, announced on the 17th that it has submitted a securities registration statement to the Financial Services Commission and officially commenced the public offering process for listing on KOSDAQ.

The total number of shares to be offered is 920,000, with the desired price range per share set between 13,000 and 15,000 KRW. Accordingly, the offering size is approximately 12 billion to 13.8 billion KRW, with KB Securities acting as the lead underwriter. The company plans to conduct a demand forecast for institutional investors in February to finalize the offering price and intends to use the raised funds to advance its technology.

Founded in 2011, Simple Platform has focused on developing data solutions that integrate AI and IoT technologies. The company comprehensively manages the entire process of storing, managing, analyzing, and predicting data collected from equipment and devices using IoT technology. Based on this, it provides solutions such as predictive maintenance, quality inspection, production optimization, supply chain optimization, resource optimization, and product servitization to its clients.

Currently, Simple Platform’s customers and partners include various sectors such as manufacturing companies DB HiTek, Park Systems, CJ Feed & Care, and SNS Tech; healthcare organizations Gangnam Severance Hospital, RadianQ Bio, LG Uplus; and major government agencies including the Ministry of Science and ICT, Korea Paralympic Committee, and the Livestock Products Quality Evaluation Institute.

Im Dae-geun, CEO of Simple Platform, stated, “With the KOSDAQ listing as a milestone, we will put more effort into advancing and expanding our AIoT platform. Through data innovation enabled by our platform, we aim to achieve sustainable growth in the industrial AI market.”

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