[Market Highlight] S2W Doubles on First Day of KOSDAQ Listing

Soars Over 100% in Early Trading

Big data analytics artificial intelligence (AI) company S2W soared more than 100% in early trading on its first day listed on KOSDAQ, successfully achieving a "double"-a twofold increase compared to its IPO price.

As of 9:13 a.m. on September 19, S2W shares were trading at 26,650 won, up 101.89% from the IPO price of 13,200 won. The stock opened at 26,000 won and at one point during the session surged to 27,700 won.

Founded in 2018, S2W has developed and provided AI solutions that enhance national security, corporate security, and business productivity by leveraging "multi-domain cross-analysis technology," which integrates AI technologies such as specialized big data collection and analysis from the dark web and virtual assets, industry-specific AI, and multi-domain knowledge graphs.

Through these efforts, S2W has expanded its client base to include international organizations such as INTERPOL, foreign government agencies, and leading companies across all industries-including finance, telecommunications, manufacturing, and information technology-demonstrating the scalability and versatility of its technology in both the public and private sectors.

In its recent demand forecast, S2W recorded a competition ratio of approximately 1,145 to 1 and set its IPO price at the top end of the desired range, 13,200 won. During the general subscription, the competition ratio reached about 1,973 to 1, attracting more than 5.14 trillion won in deposits.

S2W plans to actively use the funds raised through this IPO to establish overseas subsidiaries, strengthen global branding, and build a data center (IDC), thereby laying the foundation for global business expansion.

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